When it comes to handling your money, a specialised bank account can make all the difference. While certain accounts are geared towards saving and accruing interest, others aim to give consumers an easy way to access their money and pay their bills. Some bank accounts are specifically suited to business operations, while others cater to [...]

In the preceding years, the banking domain of the country was not like as it is now. It has matured a lot in past 10 years or so and has gone through some important transformations over a period of time. The banking system has modified itself to satisfy the needs of its growing customers. At [...]

ORIGIN OF MERCHANT BANKING
 Merchant banks, now so called, are in fact the original “banks”. These were invented in the middle Ages by Italian grain merchants. As the Lombardy merchants and bankers grew in stature on the back of the Lombard plains cereal crops many of the displaced Jews who had fled persecution in Spain after [...]

The use of offshore banking is no longer disreputable because the policies are now strictly regulated.  People who utilize offshore banking in places that are secure are oftentimes expatriates and businesspeople involved in international transactions.  However, offshore banking may not be a viable option for people who have filed for bankruptcy or those who have [...]

Financial System
It is an institutional framework existing in a country to enable financial transactions.  There are three main parts in Indian financial system. They are as follows:
lFinancial assets comprises of loans, deposits, bonds, equities, etc.
lFinancial institutions such as banks, mutual funds, insurance companies, etc.
lFinancial markets include money market, capital market, forex market, etc.
lRegulation is [...]

Importance of CRM
Customer relationship management is a broad approach for creating, maintaining and expanding customer relationships. CRM is the business strategy that aims to understand, anticipate, manage and personalize the needs of an organization’s current and potential customers. At the heart of a perfect strategy is the creation of mutual value for all parties involved [...]

The contemporary trends in Banking operations and services with the help of computers are quite cheering for customer. As we find information technology invading the banking sector, only banks, which used the right technology, could come out with success.  Banks are required to ‘restructure’, re-invent and reengineer themselves go meet the necessary performance improvement and [...]

The Banks in India Face the problems of swelling non-performing assets (NPAs) and the issue is becoming more and more unmanageable.  The NPAs have direct impact on banks profitability, liquidity and equity.  The NPAs of Indian Banks are relatively huge by international standard.  Therefore the biggest ever challenge that the banking industry now faces is [...]