Saturday 6 October 2012

Discover Chief Earning Sources of Bank


Bank is an institutional organization which not only takes care of our money but also provides quality financial services. Bank keeps our money safe and also yields interest on it. But, how bank run its business while it charge nothing for depositing money? One of the chief earning source of bank is loan interest. Actually bank allows peoples to get loan at some interest. It invests in various streams to acquire better return - like equity, reality etc. Banks also do provide insurance services nowadays. Banking is also a business like other profit earning institutes. Banks do job of money with its customers. It gets the money and gives the money and meanwhile it earns a good amount of money.
Initially people deposit money into bank and it commit to give them some interest on their deposit. This interest rate depends on a specific time period. For instance if one deposit money for ten years and in bank terms interest rate is ten percent then bank responsively put your ten percent separate. And now bank will contribute loan to other people at higher interest rate. This is a process where bank earn a good sum of money.
All kind of loan come up with the primary and important earning sources of bank. But still there is many other substitution of gain. Banks lends money to people on the security of their precious stuff. Sometimes peoples are not able to pay its loan amount on time. In that condition bank can acquire their valued stuff and auction them.
Banks also earn money by investing in Equity market. Today a bank provides lots of services like trading, money transfer, net banking, online shopping etc. It charges money for these services.

Friday 5 October 2012

Arising Indian Economy - What are Significant Goals to Achieve


Indian Economy is rising globally with its sustained and effective policies. World is taking up interest in India for making business and financial relation. FDI is the latest example of global corporate concern. But still there are many financial Issues here which need more attention from Government. We split up these issues in some key-points as economic goals of India -

·         High Inflation Rate - India is facing continuously awful inflation for last two decades. Poverty in India is one of the chief social issues that not resolved yet. Increasing prices of food and other necessary things frustrating ordinary poor and middle class people of India. Farmers committing suicide due to inflation. High Inflation has its other substitutionary issues like unemployment, Famine, frustration, stress etc. It is essential to resolve this matter soon. Government must take up some reforming step to diminish inflation rate.

·         Encourage Young Entrepreneurs - For last couple of year Indian youngster are doing well in corporate world with their unique and productive Ideas. They are our young entrepreneurs and somewhere social entrepreneurs. But, the problem is migration of these talented people to elsewhere. Government need to provide them gratifying facilities and work atmosphere. These people must be encouraged and provided right assistance by the Indian Government.  

·         Promote Domestic Industries - In Indian economy, politics plays a significant role. We have some top India based companies worldwide desiring to contribute Indian financial system, but they also face lots of hurdle in their way. Government should make their way easy and help to move out the obstacle in establishing factories and generative institutes.

·         Attract Foreign Investment - India should have its financial investment structure easy enough to worldwide investment that foreign companies can invest in Indian economy without more complication. FDI is a example of that kind of reform.

These are some goals of India to be achieved for a stronger and fertile economy. We need to consider our traditional business like tourism, teaching etc. also as earning sources.

Wednesday 3 October 2012

Latest Bank Exam - How to Be Updated on Internet


If you are pursuing a bank exam for job you need to be updated with latest bank exam to be held by banks. Where you find that information? Internet is a very good choice to gather information. Before some decades, it was hard to reach the cyber world for people but nowadays it is not difficult at all because information technology has spread Internet everywhere. You can use Internet for updates of upcoming bank exam. Here are some tips to refine your research on Internet-
Register With Some Bank Exam Alert – Many websites provide email and mobile alert facility to their users about latest bank exam. You can register your mobile no. and e-mail id and start getting updates on new coming exams.
Join Some Online Forums – There are lots of online forums related to banking and finance job. You can post here your query and get the answer and suggestion from others. Here you can discuss about your problems, preparation and exam related other issues. You can ask others about new books, study materials and beneficial institutes for coaching.
Check out Some Important Websites – On the internet you can find easily some good websites related to career and jobs. You should check them out regularly for latest bank vacancies. You can submit your resume to these websites and get job suggestions to match our profile.
Submit Your C V Direct – Almost every bank’s website have the facilities to collect candidates resume directly. You can go to these sites and click on submit resume and past or upload you updated C V. When bank will need you they will call you according to their requirements and your eligibility.
Thus internet has made aspirant easy to get informed about latest bank exam. But still newspapers and magazines are a likable choice for many people.

Monday 1 October 2012

Why should you Join Bank job as Career?


The economy world is growing rapidly for last two-three decades. Money is playing a dominant role in current time. Thus, if money is important for everyone, It is obvious thing that we need more institution or organization to manage and handle it. Bank does this job well. The importance of bank has raised new opportunities for those scholar and hard worker aspirants who want a bank job as career. Why bank is favorite of many today? Let’s find out in three points-
Possibilities Are Higher – In banking sector, there are huge possibilities to go ahead and achieve a very good position. Your chances of growth in career are very good and you can be appointed at a good designation soon by your talent and hard work. You can enter as a trainee and reach to manager level.
Job Security – In India, it is being assumed that once you get a job in bank your career is secure for whole. Banking has lots of work to do that’s why it needs more employees to work in. So it declares vacancies in large. Once you enter in bank for job you will find lots of other opportunities here for future. That’s why bank is a stable career in society.
Fat pay-cheques - Bank job is also preferred by everyone because of Its high pay scale. Govet bank pays less than private but it provides more incentives and future security. If your salary is not very good initially, no need to worry about. You can get more bucks very soon by having patience and doing your job well consistently.
So you can see clearly why bank job is a golden opportunities nowadays. Now you decide it will you choose it for your dream career?