The performance of a bank is the sum total of the collective performance of its branches and the performance of branches is gauged by the performance of its workforce in key performance areas such as deposits, advances, profits and containment of non-performing assets. Banking is primarily an intermediation between savers and borrowers of the society and management of humans is central to banking. A successful bank presupposes the availability of abundance of professional bankers.
A professional banker is one who is good at relationship building and business development, as opposed to a bureaucratic banker who works within rules book which hampers business growth and a businessman banker who is reckless in lending and is hungry for taking blind risks. A professional banker is expected to be a well-rounded banker and a blend of a chartered accountant, lawyer, computer-literate, economist and an expert in behavioural science, all rolled into one to discharge his role effectively.
A job profile of a professional banker in the technology-driven banking era requires him/her to possess the following competencies to enable him/her to perform well in key performance areas such as resource mobilisation, credit deployment, profit generation, good housekeeping and complaint-free customer service.
A professional banker should be competent to perform the role assigned to him. He/she is required to possess academic and technical competencies.
Good understanding of broad spectrum of financial sector with reference to products, processes and performance
Good understanding of regulations and their impact on business decisions
Good understanding of individual customers in general and corporate customers in particular for business development and relationship building
Ability to understand customer needs
Ability to drive and implement change in operational environment
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NEW AGE CUSTOMERS BUILDING THE DIGITAL CAPABILITIES
Introduction Consumer markets in India are expected to reap the benefit of favorable macroeconomic parameters as well as its demographics. India is one of the youngest major countries globally and has become one of the major flag bearers of development across the globe.
Enhancements to Indo-Nepal Remittance Facility Scheme RBI/2021-22/94
OPEN BANKING IN INDIA
Open banking is defined as the sharing and leveraging of customer-permission data by banks with third-party developers and firms to build applications and services, including for example those that provide real-time payments, greater financial transparency options for account holders, marketing, cross-selling opportunities. Individuals jurisdictions may define open banking differently.
From Internet Of Things To Banking Of Things
Introduction The concept of the 'Internet of Things [IoT]' emerged in the early 1980s when technology started to influence business processes.
The Future Of Artificial Intelligence In Banks
As per the World Economic Forum's latest research, artificial intelligence is already changing the way financial institutions provide more contextualized services to their customers and banking is no exception.
NATIONAL FINANCIAL REPORTING AUTHORITY (NFRA)
Introduction As per section 211(3C) of Companies act 1956, every balance sheet and profit & loss account of the Company shall comply with the accounting standards, as may be prescribed by the Central Government in consultation with the National Advisory Committee on Accounting Standards (NACAS).
FUTURE CONTRACTS IN INDIAN REAL ESTATE MARKET A GAME CHANGER?
Curtains up! Imagine you deciding on buying a house six months down the line and already have arrested the purchase price thereby slaying the ghosts of cost escalations! Seems a fancy thought, but what if it actually happened?
Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit Extension RBI/2021-22/65
PRIORITY SECTOR LENDING - REVAMPED GUIDELINE
To minimize regional disparity in Priority sector credit flow and boost economy to achieve sustainable development goals
(New strategy for NPA Management)
Apple Won't Let Fortnite Back Until Case Ends
Tim Sweeney, CEO of Fortnite maker Epic Games Inc., said Wednesday it’s been told by Apple that the game will be “blacklisted from the Apple ecosystem” until the companies’ legal case is resolved and all appeals are exhausted, which could take as long as five years.
CALIFORNIA 1ST TO SET QUOTA LIMITS FOR RETAILERS LIKE AMAZON
California became the first state to bar megaretailers from firing warehouse workers for missing quotas that interfere with bathroom and rest breaks under a new law signed by Gov. Gavin Newsom that grew from Amazon’s drive to speed goods to consumers more quickly.
FACEBOOK OVERSIGHT BOARD REVIEWING ‘XCHECK' SYSTEM FOR VIPS
Facebook’s semi-independent oversight board says it will review the company’s “XCheck,” or cross check, system following an investigation by The Wall Street Journal into the use of this internal system that has exempted high-profile users from some or all of its rules.
CHINA'S ANT GROUP TO SHARE CREDIT DATA WITH CENTRAL BANK
China’s central bank will soon have access to the private credit information of hundreds of millions of users of Ant Group’s online credit service, in a move signaling more regulatory oversight of the financial technology sector.
NETFLIX BUYS WONKA AUTHOR DAHL'S CATALOG
Netflix has acquired the works of Roald Dahl, the late British author of celebrated children’s books such as “Charlie and the Chocolate Factory.”
APPLE, GOOGLE RAISE NEW CONCERNS BY YANKING RUSSIAN APP
Big Tech companies that operate around the globe have long promised to obey local laws and to protect civil rights while doing business.
CHINA SETS UP PLATFORM TO POLICE GAMING FIRM VIOLATIONS
Chinese regulators have set up a platform that allows the public to report on gaming companies they believe are violating restrictions on online game times for children.
ONE TO CHARGE THEM ALL: EU DEMANDS SINGLE PLUG FOR PHONES
The European Union unveiled plans Thursday to require smartphone makers to adopt a single charging method for mobile devices.
DON'T LET SOCIAL SECURITY STEER YOU WRONG
Few retirement decisions are as critical, or as easy to get wrong, as when and how to take your Social Security benefits.
AT LONG LAST, BALLMER, CLIPPERS BREAK GROUND ON NEW HOME
The design meetings have been going on for years.