Banks are institutuions that take care of the money of individuals and corporates.
Banks pay interest on the deposited money, provide loans to people for business or personal use.
They also offer a wide range of services like exchange of foreign currency, giving advise related to
investment and insurance and acting as trustees.
With the Information technology boom, a new dimension has been added to face of banking.
The operations have been computerized to provide more efficient service to the customers.
Each and every bank provides a credit card
facility to the customers. Not only this with the wide prevalence of the Internet,
lot of banks offer an online information to the customers - one can just go to the web site and get information
about the account balance etc. sitting at the desk. Home banking as a service is provided by certain banks,
wherein a bank representative visit the customer's home to open an account.
There is a tremendous competition in the banking sector to come up with innovative and customer
friendly schemes. Most of the banks have all their branches connected via the computer network.
There is a growing need for better and better banking facilities due to international trade and industrial
liberalization which have contributed a lot to the change in the banking environment.
All this has created an increase in opportunities in banking jobs and a requirement
for people with marketing and technological skills apart from financial background.
When great minds clash, new inventions are visualized.
