Category Archives: Banking

In and Out of Corporate Banking and Finance

Corporate banking is that kind of a peculiar issue which has the ability to fit a great deal of distance in the task of helping the expansion of a big organisation.

It is also responsible for the task of supplying a complex set of services that any large sized firm will require in this time of enterprising development. Keeping in consideration the large amount of data given for the purpose of a correct accountable banking service by these special and large companies is that most of the high banks of the world consist of a separate devoted operation which also has to cater to the needs of the different firms that most of the time are fairly different in the specific requirements and also the scale as compared to a comparatively small to medium enterprise.se.

Below are the examples of some common but important aspects of company banking:

Company lending
Commerce financing
Commodity financing

Company lending: Big banners also have a tendency of providing the credit score and the products that come with it , most of the times, it includes, forex facilities, credit traces, standby letters of credit and term loans. This particular sector is also responsible for the task of the arrangement of various kinds of bridge financing, working capital traces, acquisition finance, long run debt, and many other kinds of syndicated services.

Commerce financing: This particular sector is also responsible for providing this sector of banking supplies that are very supremely effective trade and services which have been frequently used for the purpose of trading and transferring goods that are environment-friendly. The package also consists of numerous letter of credit score system that are automated and documentary collection services.

Commodity financing: This variable sector trusts on the boss factor with the various trading in relation to various financing of a variety of commerce flows for some agricultural merchandise corresponding to grain, cotton, coffee, sugar, cocoa and a wide range of other commodities. It is best when there is a quick and speedy time period with the inclusion of mid-term credit score facility, which is heavily dependent on continuous change that are related to the requirements.

If you consider it from the standpoint and a company’s point of view, it is very essential to understand and from certain groups that are expert in handling the requirements of any small or large-size companies. Furthermore, it is also very easy to offer various kinds of banking services to any of the corporations. As it contains a variety of consulting and in-person chatter. Consulting companies may be demanded on different issues like having various mergers and acquisitions, overseas commerce, firm liquidity etc.

The providers are always on a look out for a relatively skilled and quite energetic group of individuals, who have the potential to fulfil the needs of a corporate consumer, with no worries about the gravity of the situation.

To improvise on your and learn more about the sector, join various to enhance your knowledge.

The Banking Name You Can Trust Upon Canara Bank

The Indian Banking system has undergone a sea change in terms of service and functions. The credit of maintaining trust and confidence goes to few banks who have endlessly served to provide their customers a classy service. Be it grievance handling or meeting standing orders the services have been commendable. One such bank upholding the trust of the clients is Canara bank. Canara Bank is one of the oldest financial institutions of India, started in 1906 in Karnataka. Nationalized in 1969, it has grown to be a huge financial conglomerate, owning many subsidiaries and joint ventures throughout the world. The bank has 3057 branches and over 2000 ATMs, as of 2010. It has been a pioneer of several banking and financial services like launching an exclusive Mahila Banking Branch, providing credit card facility to farmers, extending Agricultural Consulting Services, launch of exclusive IT consultancy subsidiary etc. It has subsidiaries in Financial Services, Securities, Asset Management, Venture Capital Fund, Factors, Computer Services and finance home. The bank also won the National Award for excellence in the field of Khadi and Village Industries in 2011.
Canara Bank has several objectives on the basis of which it aims at being a “Global Bank with Best Practices”. It promotes national interests, takes active part in rural development and has several training initiatives to enhance rural self-employment. It provides all essential banking services at all branches, including Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Internet and Mobile Banking (IMB) etc.
As a very customer centric bank, it has stringent grievance redressal policies. The Canara Bank Customer Care aims at resolving all customer issues promptly and systematically. All complaints can be filed online on the Canara Bank website or on various toll free numbers listed on the website, or in any particular branch, where the Branch Manager would deal with the complaints. To ensure fair settlement of all complaints against Canara Bank, the bank has a complete policy document that lists in detail how each type of complaint is to be dealt with, in how long, and what can be done in case the customer is still not satisfied, along with a list of alternative remedies. The document is available on the website.
All are addressed within a maximum of 21 days, as against the time frame of 30 days stipulated by Ministry of Finance. The bank has a review mechanism for every complaint that would help in identifying and overcoming any kind of shortcoming on part of the bank or its employees. Employees are specially trained to deal with all sorts of complaints courteously. There are suggestion boxes, complaint books; Help Counters available at all branches for quick and easy registration of any grievance. The bank constituted a standing committee on customer service in 2005, which reviews and improves customer service periodically. Undoubtedly, the bank has fulfilled and fulfilling its promise of its slogan “serving to grow and growing to serve.”

Off Shore Services Perfect Banking Solution

You might be definitely looking for a place wherein you could save all kinds of hard earned money without facing any issues. You might have struggled so much in order to keep all your money safe and there are many ways wherein you could invest the money without fearing about the risk associated with the procedures. Have you heard about the Swiss bank accounts? There are many bank operating in the European territory which in a way is allowing many foreigners to open the Swiss bank accounts without facing any issues with the passage of time.

In fact most of the people are actually interested in going to these banks for keeping their assets safe as the procedures for opening up the Swiss bank accounts are very easy as well as risk free. The main factor which in turn is helping the people to move on to the cutting edge is that the economical as well as the political conditions are highly risk free without facing any issues with the passage of time. This is in a way helping the people to move on with the activities without fearing about the loss of money that is actually getting invested in the foreign accounts. You might be really confused on hearing about these factors as you are giving out the money to far off land.

There are many procedures that are actually available in the present world wherein people are really interested in moving on with the procedures in the right way by giving out the best security in the right manner. You are given the freedom to access all the account details and banking status by making use of the highly secure websites as internet is turning out to be one of the cheapest means of communication. Also you could move on with the wire transfer procedures by making use of the low transfer rates without any issues with the passage of time. This in a way is not creating any delays with the passage of time and as a result there are many banks giving out the same facility to the people. Most of the people are starting up the account mainly to cut down the tax amount that has to be paid to the government during regular intervals of time.

Wikileaks and Ecuador–Safe Banking Haven Defined

Executive Summary The Wikileaks founder Julian Assange has been invited to relocate to Ecuador as a legal resident. The Ecuador deputy foreign minister Kintto Lucas told the Ecuador Inmediato news website late Monday that if Assange wanted to apply then “we are open to giving him residence in Ecuador, without any kind of problem and without any kind of conditions.” “We are going to invite him to come to Ecuador so he can freely present the information he possesses and all the documentation, not just over the Internet but also in public,” Lucas said, praising people like Assange “who are constantly investigating and trying to get light out of the dark corners of (state) information.”

Assange is an Australian National. He tried applying for residence in Sweden but this looks dismal due to some arrest warrant over sexual assault allegation, not a conviction that caused his rejection. Wonder if this was trumped up? His mother country Australia is investigating to see if he broke any laws in Australia. I am sure they will find something.

Eric Holder, the USA atty general is apparently building a case against Assange over the release of classified documents which would violate US law. Of course when the USA gets documents on Swiss banking clients illegally as in stolen documents, that is alright. When Wikileaks has illegal documents that is not ok. Once documents make it into the public domain then that is it, it becomes a free for all. The wikileaks site is here: cablegate.wikileaks.org

The site is currently undergoing a massive DOS attack. Wonder who would do a thing like that? Anyone care to take a wild guess? Do not worry the documents were available for download for sometime and will be popping up all over the net.

Discussion Well Ecuador has no Mutual Legal Assistance Treaty with the USA. Ecuador also has no Tax Information Sharing Agreement with the USA. There is no treaty to force them to turn Assange over. The fact that Ecuador has no love with the USA and wishes to see the USA bear the brunt of the consequences for the Wikileaks fiasco is clearly illustrated here by their offer of what amounts to asylum to Wikileaks founder Assange. This would allow him to continue to leak more and more documents embarrassing the USA for all their espionage and sedition activities around the world. We do offer bank accounts in Ecuador in one of the oldest banks in the nation having over 30 branches. If you are sick and tired of senseless government invasion into your privacy when it comes to financial matters (same people who brought you the Obama nude body scanners) we invite you to consider Ecuador as a secure banking jurisdiction.

Ecuador Bank Account & Anonymous Corporation in 24 Hours from Now!

Sources:

Ecuador Welcomes WikiLeaks Founder

Ecuador offers asylum to WikiLeaks founder

VICECANCILLER LUCAS: ECUADOR PODRA DAR RESIDENCIA A JULIAN ASSANGE, CREADOR DE WIKILEAKS

An Introduction To Internet Banking In South Africa

Benefits of Internet Banking Services
Internet banking services provide a safe environment with hardly any of the frustrations associated with visiting a physical bank, giving you the control to bank when it suits you best, no matter where in the country you may be. Internet banking means that there is no need to stress out about getting to a branch during working hours or standing in queues for ages, waiting to complete one simple bank transaction.

in South Africa has greatly reduced paperwork, saving time and money. Instead of waiting for statements to arrive by post, you can access your transaction records at any time you wish. The ability to also print a copy of your bank statements can be used as proof of payment to a creditor. The ability to monitor your personal finance activities 24 hours a day also enables discrepancies to be picked up and dealt with swiftly. Internet banking services allow you to manage multiple accounts from one easy location and perform an array of banking activities from one convenient and secure portal.

Internet Banking Services

When you register for Internet banking, you will have access to a range of services and facilities:
“Request statements – you will be able to access statements whenever you like, as well as choose the date range that you want to reflect back on.
“Interaccount transfers “” with a few simple clicks, you can transfer money between accounts, saving you the time and hassle of visiting your branch.
“Pay bills “” this Internet banking service has given you the freedom and convenience of paying electricity or water bills online.
“Pay school fees “” with Internet banking you are able to pay school or tuition fees with ease.
“Apply for an overdraft facility – this also saves the time and hassle of visiting your branch.

Egyptian Banking System Expanding on Middle Class, Financial Meltdown Ineffective

RNCOS, a leading market research firm, said in its new report -Egypt Banking Sector Analysis-, with the significantly low penetration and growing middle class segment, the total deposits at banks in Egypt are projected to grow at a CAGR of 14% from 2007-08 to 2010-11.

As per the report, banking penetration is quite low in Egypt and most of the Egyptians are still unbanked. This is evident from the fact that only 10% of Egyptians currently have a bank account, and only 4% had a debit card as on end of 2007. But the growing middle class population (due to increasing income) and rising awareness level is enabling this unbanked population to access banking services like bank deposits facility. Thus, prospects of the banking sector are reasonably bright as the emergence of middle class population will support the rising demand of banking services like saving and current account deposits and related services like payment cards.

But the most astonishing fact about the Egyptian banking industry is that it will remain unaffected by the ongoing economic meltdown. As per a Research Analyst at RNCOS, -We do not see any significant impact of global financial turmoil on the deposits as the Egyptian system is dominated by state-owned banks. Otherwise also, the system is enjoying a high-support environment, with the country’s authorities having historically demonstrated both their willingness and their ability to intervene and prevent a banking default by any of the Egyptian banks, irrespective of their size or relative importance to the system.-

-Egypt Banking Sector Analysis- provides a comprehensive research and prudent analysis on the banking industry of Egypt. This extensive research will help the clients to identify the market trends and evaluate the leading-edge opportunities critical to the success of the banking industry in the country. This study gives an overview on the various factors driving the banking industry, together with the forces that are blocking the growth of the industry.

This research supplements the past and current information on the Egyptian banking market with forecast on various important industry aspects, including population, consumer durables (television, refrigerators and washing machines), Internet penetration, mobile subscribers, passenger car registrations, banking deposits, loans with the possible sub-categories and net interest income.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today’s globally competitive environment.

For more information visit: Current Industry News:

Banking Offshore Who Gets Most And What

Offshore banking has become quite the buzzword of the time. Creating a bank account offshore is a wise choice now and more people are opting for it. There are some advantages of having an account offshore which are discussed here. And people choose offshore not only for purposes of banking but also for other intentions such as, tax savings, asset management, wealth enhancement, etc. But before we discuss what makes it a wise choice, here’s a quick note on who can benefit from it the most.

Who Wins-

The following people should consider offshore opportunities more than the rest:
Expatriates, that is, people living in another country either temporarily or permanently.
Those who have offshore properties or residences or who are planning to go for one.
Those who are willing to pass down assets as inheritance and those who will receive it.
Those planning to marry or having children.
Those owning or leasing equipment.
Those involved in public-interacting jobs.
Those who own aircraft, boats, pricey art items, etc.
Those who are not insured ever or are under-insured.
And of course those who have that surplus money to invest on offshore havens.

Wins What-

Now let us take a brief look at what some of the winning benefits of offshore banking are that people around the world so appreciate:

Having your bank offshore, you ensure yourself a more stable jurisdiction politically and economically. Your money is safeguarded against unforeseen corruption in the banking system.
You can get higher interests than what you get in your own country. And this interest generally comes to you without any tax deduction. So that’s a relief indeed!
Sometimes you can avail certain interesting banking facilities, which you wouldn’t have got otherwise in your home country.
You can invest comfortably in the international market with your offshore bank account.
Personal privacy and confidentiality are more in any societ offshore, that is, in an offshore society.
Offshore banking is also known for helping individuals in investment portfolio diversification.
If you abide by the general legal restrictions of your country, you are free to do offshore banking at your convenience and save taxes on your international income.
Your assets remain well-protected along with your business/company.
You can simplify your financial situation or manage your finances better in an offshore bank.

Although there are certain drawbacks in offshore opportunities, which are not discussed here, offshore banking certainly is a ruling concept today across nations for the attractive benefits it brings along with it. But before you plunge headlong into making a choice in , you should weigh its pros and cons and then start winning!

Wain Roy is an internet marketing professional expert in various industries like real estate, web design, finance, medical tourism, Canadian pharmacy drug and

Banking Sector is in great demand these days

Banking Sector is in great demand these days. Apart from Engineering, Medical, IT etc. students prefer banking as their future career option and strive to excel in that as there are numerous opportunities available for the fresher’s in banks these days. And, this number only seems to be increasing nationwide every day. In this competitive environment today, apart from a will to be at the top, it’s important that we avail and make the best of the opportunity that comes forth. This article provides you with all the information that’s helpful for you to make a decision on the coaching institute and hence, a successful career in the making.You may be a good student academically but in these times it isn’t enough to score an edge competitively. You need that something; something extra so that you start to excel in the first step towards your goal. And, that’s where most of the coaching centers step in and play a major role. They offer you time tested test tips, techniques, strategies, short cut methods, tricks and solve problems effectively and quickly. may not be an answer to your problems as they may lack the potential to deliver what it takes. So, firstly one needs to gather all the apt information about its institute before joining. There are some parameters on the basis of which you can judge the coaching centers. Those parameters are: Reputation of the Institute Experienced and trained faculty members Quality of teaching and correct strategies Success rate Affordable fees structure, etc. The Banking Exams Pattern and Admission Processes are given below 1. Reserve Bank Of India- An All India Exam is conducted for first class posts. RBI examination consists of General Mental Ability Paper and English Proficiency Paper. 2. Foreign/Private Banks: Reputed management institutes like IIMs, University of Bombay, and University of Delhi make the selections. Candidates go through a 3 week orientation program before the 6 month-1 year training, they are made Assistant manager. 3. State Bank and other Nationalized Banks: Written test and Interview for Probationer Officer Selection is made by the Central Recruitment Board (SBI) 4. Nationalized Commercial Banks: Advertising is done through the Banking Service Recruitment Boards (BSRB) Banking Entrance Exam usually involves a selection process that could include a written test and a group discussion/personal interview. Banking sector in India thus comprises of Commercial Banks and Co-operative Banks which conduct the exams for the recruitment of candidates for various positions through advertising in national news papers. Different banks set different eligibility requirements for various posts. Generally graduates from any discipline are eligible for the entry point officer cadre positions in various commercial (public/private sector) banks. For more information about Bank PO Coaching and Clerical Exams, latest information with latest updates on our website. Competition Cell provides best

Banking Certification Exam

The current day is a day of brutal competition among the biggies in the software industry. Because flow with the newer and sharper technology is never ending, the content Technology companies who definitely are implementing the greater end software go on introducing the certifications and tests to gauge the potential employees which join them. For precisely the same purpose, Certmagic has introduced inside the technical circle; this exam is one very sought-after and difficult exam to break into. However, once this exam has been cleared, the candidate should expect some fireworks in her career. This particular exam is about the introduction of a Team Leader that can work cohesively having a team, and derive the absolute maximum possible output, so that the enterprise level expectations and promises are completely fulfilled. Designing, Configuring, Installing and Troubleshooting the application form server for the enterprise level could be the basic criteria just for this examination. The successful candidate will also have to tidy up the presales, post install supports. The potential candidate is predicted to get a detailed and expertise level knowledge in at least one on the following products from your Banking Certification software giant: Specialties on the Dynamic Infrastructure: Business Resilience, Information Structure, Virtualization and Consolidation. Further, as being a prerequisite just for this certification, our recommendation is that the IT professional appearing just for this test holds any one of the following certifications from the technical domain: Apart out of this, the self paced training kits are giving the strategy for both practice and practicing the Banking Certification exams and give the top solution. The expert professionals offer the information and guidelines when getting the in the perfect manner. It makes all the possible ways for as an efficient professional. The Banking Certification exams are giving the methods for overcoming areas inside the IT sectors. The Banking Certification offers the techniques for solving the complex problems as a result of latest developments.

The Importance Of Quality Banking Software

Perhaps as never before, the necessity for excellent banking software has become evident. Retail banking requires a client-focused approach that will attract new customers and maintain them in a long term business relationship. One way to ensure customer satisfaction has been to guarantee rapid response to questions as well as information-gathering for business transactions. New banking software technology can provide broad retail functionality while it supports various multi-channel models simultaneously. Scalability and resilience are also important features in quality software for banking needs. New core banking applications need to be able to address and support merger and acquisitions activities.

A new concern has been raised by the recent financial collapses within the banking industry. Astute attention to collateral management might have played a positive role in averting some of the humiliating losses that occurred and adversely affected so many smaller banks and loan institutions as well as the customers they represented. Quality banking software is being developed to include systems that monitor collateral descriptions and types. It will have the capability of maintaining customer information, collateral data, and credit count relationships. This will be a significant part of any core banking application program.

Excellent financial software is also available for corporate and correspondent banking requirements. This software can introduce new business models as it responds speedily to ever-changing market conditions. It can reduce costs and identify and manage the risk factors at work, as well. In collateral management, this feature will assist in recognizing collateral shifts in value before they can cause significant damage. An excellent banking computer program will be flexible enough to include new products as they become available and should improve the overall efficiency of the banking business. All of these improvements should add value to the customer relationship which, of course, is paramount.

When one thinks in terms of universal banking, the amount of information that must be gathered, processed, re-calculated regularly, and stored is mind-boggling. More and more banks have chosen to simply out source some of this mass of data collections, including information in collateral management, rather than handle it in-house. New technology will allow for broader functionality in the banking service. Various different kinds of banking products will be able to move across all kinds of channels, especially on the international level. This agility will enable banks to compete with the large international financial institutions that venture into their markets.

When considering the best in banking software, one must look at its “functional richness” as well as its scalability and flexibility. It must be adaptable to the latest in open technology, and it should include a system- connectivity with collateral management. Customers today want as close to real-time views as possible. They want quick access to their counter-party’s collateral and exposures. The ability to function with broad and sweeping informational strokes will strengthen the attractiveness and competitiveness of banking operations for the approaching years.