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BANKING AND FINANCIAL SERVICES
Banking and Financial services industry has grown by leaps and bounds and the
diversification of activities has lead to exponential increase in the availability of
job opportunities in the Financial Market related service industries.
Financial services refer to services provided by the finance industry. The finance
industry encompasses a broad range of organizations that deal with the
management of money. Among these organizations are credit
unions, banks, credit card companies, insurance companies, consumer
finance companies, stock brokerages, investment funds and some government
sponsored enterprises.
Banking services
The primary operations of banks include:
Keeping money safe while also allowing withdrawals when needed
Issuance of checkbooks so that bills can be paid and other kinds of payments
can be delivered by post
Provide personal loans, commercial loans, and mortgage loans (typically loans
to purchase a home, property or business)
Issuance of credit cards and processing of credit card transactions and billing
Issuance of debit cards for use as a substitute for checks
Allow financial transactions at branches or by using Automatic Teller
Machines (ATMs)
Provide wire transfers of funds and Electronic fund transfers between banks
Facilitation of standing orders and direct debits, so payments for bills can be
made automatically

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Provide overdraft agreements for the temporary advancement of the Bank's
own money to meet monthly spending commitments of a customer in their
current account.
Provide internet banking system to facilitate the customers to view and
operate their respective accounts through internet.
Provide Charge card advances of the Bank's own money for customers wishing
to settle credit advances monthly.
Provide a check guaranteed by the Bank itself and prepaid by the customer,
such as a cashier's check or certified check.
Notary service for financial and other documents
Other types of bank services
Private banking - Private banks provide banking services exclusively to high
net worth individuals. Many financial services firms require a person or family
to have a certain minimum net worth to qualify for private banking
services.Private banks often provide more personal services, such as wealth
management and tax planning, than normal retail banks.
Capital market bank - bank that underwrite debt and equity, assist company
deals (advisory services, underwriting and advisory fees), and restructure debt
into structured finance products.
Bank cards -include both credit cards and debit cards. Bank Of America is the
largest issuer of bank cards.
Credit card machine services and networks - Companies which provide credit
card machine and payment networks call themselves "merchant card
providers".
Financial banking is the science of managing money and other assets pertaining to
a specific business. We all know that banks offer basic loans, deposits and
financial advice, but they also facilitate transactions on sophisticated financial
instruments such as private equity, bonds and mutual funds. Most top performing
candidates typically view careers in Banking as the pinnacle of achievement, and

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BANKING AND FINANCIAL SERVICES Banking and Financial services industry has grown by leaps and bounds and the diversification of activities has lead to exponential increase in the availability of job opportunities in the Financial Market related service industries. Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies, stock brokerages, investment funds and some government sponsored enterprises.  Banking services The primary operations of banks include: Keeping money safe while also allowing withdrawals when needed Issuance of checkbooks so that bills can be paid and other kinds of payments can be delivered by post Provide personal loans, commercial loans, and mortgage loans (typically loans to purchase a home, property or business) Issuance of credit cards and processing of credit card transactions and billing Issuance of debit cards for use as a substitute for checks Allow financial transactions at branches or by using Automatic Teller Machines (ATMs) Provide wire transfers of funds and Electronic fund transfers between banks Facilitation of standing orders and direct debits, so payments for bills can be made automatically Provide overdraft agreements for the temporary advancement of the Ba ...
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