Jobs That Are Being Created In Banks Gives Multiple Career Options For People
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Posted On :
Apr-25-2011
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Article Word Count :
533
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Such options have broadened the horizon of the banking jobs. In the banks, nowadays, one can find people from different educational backgrounds handling different responsibilities.
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A general impression of the bank jobs is gradually changing with the coming up of the present century. The traditional ways of working of the banks, were to take care of the deposits and withdrawal and sometimes go for fixed deposits and locker facilities. This is something that is well known to all the people since the time, the banks came into existence. It was as if these businesses were synonymous with banks.
Such traditions have been chinked in recent years with the multiple functions that the banks are supposed to do. They are no more the simple places where money is kept in safe lockers. They are up to sophisticated challenges regarding people’s money. One of the major focuses of banks nowadays has been the utilization of the money that is being deposited with them. Investment of the money is being done in a large scale which until now was done in small measures.
Financial consultancy is something that can be seen, being done in the banks. They are trying to extend the money deposited with them into profitable areas which could give people a better value to their saved money. To this effect, various schemes are coming out in the form of fixed deposits, loans, and such. Investment portfolios are being managed by the banks by the opening up of separate branches and sister concerns. Much of this trend has been aided by the introduction of private banks into the system.
Although, such private banking institutions are making bold moves in investments in equity markets, the government-run and public sectors banks are also coming forward in recent years. It is not surprising to see mutual funds being handled by these banks. The whole idea is to benefit the customers and make good use of the money.
Separate branches are being opened up, to handle different responsibilities. There are different sections to deal with loans, mutual funds, equity investments besides the usual deposits and withdrawals. The insurance sections are being opened up nowadays to provide insurance plans of various types to the interested customers. People can find good plans of insurance which are linked with debt and equities both or either one of them.
These are branches that required a good amount of financial knowledge on part of the recruits who are inducted into the bank jobs. Those who are dealing with the equity markets, have to be well versed in the financial regulations and the factors that affect the market prices. Insurance managers have to know the various types of insurance and answer the queries of the customers. A bit of knowledge about finances has to be there. Besides, a number of managers are being recruited with courses in finances.
Such options have broadened the horizon of the banking jobs. In the banks, nowadays, one can find people from different educational backgrounds handling different responsibilities. The multiple options have led to a huge increase in the number of jobs that are required. As more and more organizations are making their foray into these horizons, the need for skilled people is rising. And so are the prospects of banking jobs.
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Article Source :
http://www.articleseen.com/Article_Jobs That Are Being Created In Banks Gives Multiple Career Options For People_60368.aspx
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Author Resource :
SarkariExam.com is the first job Portal in India dedicated to provide details of all Government Exams, Sarkari Naukri, Railway Jobs, Bank Jobs and much more. Explore Employment News section with us.
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Keywords :
sarkari naukri, defence Jobs, railway jobs, govt jobs, indian government jobs, state bank of india jobs, freshers job, jobs for fres,
Category :
Business
:
Careers
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