job in private banks, advantages and disadvantages

well, i was working with axis bank and my whole family and relatives are spread on all the private banks including hdfc bank, icici, kotak and ing vysya bank. let me tell you about brief anatomy of banks.

bank is a financial mall, where we can find all the financial product like savings account, current accounts, fixed deposit, tem deposit, life and general insurance, mutual funds, loans, cash credit, credit cards, over draft, equity and forex tradings etc etc. there are more than that like income tax and service tax payments, indeed all the money transactions is either directly or indirectly related to banks, and private banks are more stronger in relationship compared to co-operative and government banks, so small and big NBFC (Non Banking Finance Corporation), brokers, insurance companies are not in relation with private banks suppose one of the growing indian-japanise insurance company max life insurance have made contract of 10 years with axis bank to sell and spread their business and product, to collect their premiums such as initial premiums, renewal premiums, death claims and other KYC requests. so there is not only life insurance, there are other products companies as i mentioned earlier with relation of private banks. banks are also gaining huge amount of profit while servicing and selling their contractual deals.

so how does it effects to one fresher, or one who comes from different sectors?

Selection

first of all now a days banks are electing their candidates on their IQ level, every private banks are now taking medium level’s examinations after that elected candidates have to face interviews.
selected candidates have to passed medical tests, some reference analysis and finally one can signed offer letter and welcome kit from bank. after that there would be six month’s probation period and training etc etc.

work

so now lets talk about which kind of work Probation Officer or Assistant manager has to do, 
first of all core operations, there are three types of transactions, one is cheque, one is cash, and one is transfer. so everyone in staff is involved and related to those three types. 
first is core operations in banking hours
second is while doing your back office work, you are advised to make cross sales of those products which i mentioned earlier, yes that comes a climax or a turning point. may be fresher doesn’t want or know to sales but it is mandatory to do, because everybody have certain targets to achieve, and to take promotions.
third one is to go in to direct marketing, so after your banking hours and your operation finished when day end should be done, your banker will tell you to go out in market and bring us some business, yes that’s bitter truth that shocks some of guys who thinks bank jobs are pure and core operations job, there is nothing pure and core, indeed there is nothing like a operations either.
so let me describe you brief details of advantages and disadvantages below so that one can focused and to choose right path for better future.

Advantages :

Bank job :- after all in india Bank employees gain more respect than any other

Multi tasking abilities :- private bank will teach you all the financial product’s operations and sales

Batter Growth :- although banks are not so fruitful about salaries increments nowadays but still Growth is stable if you have done better in sales

Front Desk Relation :- every guy who works in bank is facing atleast 20 to 40 customers in rural area and 100 to 200 in urban area, so your relation with random people would be strong if you are good in services and so on

Disadvantages :

Sales Pressure :- Do Not Go to private banks if you are not good in sales because of after all your promotions and increment will depends on your Sales, it doesn’t matter whether you have scored 100% in your operations work you should have achieve minimum targets

Rural areas :- Banking sector are now growing, lots of private banks reached and focusing on rural areas, but the problem is everybody is not ready to leave their own city, there would be some unavoidable circumstances or may be some responsibilities, also rural areas are so tough that you can not find sales, hospitality, even your mobile networks.

Late working Hours :- in Government banks working hours is fixed, but in private banks you should be ready to atleast work around 12 hours, and so on, so your social life would be tough.

Notice Period :- this is one of the worst part in private as well as government banks, they are not allow you to resign your self from your job, every banks have included 90 days and more time to notice period. and if you are not following, you should probably have to pay a big bounty and charges to your employer.
so there are main reasons to be concern while choosing private banks as a career, still there are lots of advantages and disadvantages, but you can draw from this anatomy of how bank works after all think twice before choosing right path

dollar rises or fallen, how it effects on indian companies

in 1540 to 1545 when first indian rupees was launched by mogal samrat shershah suri, actually at that time we could buy 45 kg wheat, 5 kg sudhdha ghee, and 30 litre milk. now that coin is brighting our old and ancient museums. but if you still wants to buy that coin you must invest atleast 10000rs because it made from 175 gram pure silver and other costliest metals.

there are lots of reason why rupees is fallen day by day but we are not talking about reason we are talking about which kind of effects impact on our economy. whenever rupee falls every multinational companies in india are making strong profit without selling a single thing, so how they profit?

we all know there are some restrictions to foreign companies to invest their money, suppose insurance companies from out side india can not invest more than 26%, different regularization have different rules to invest. like in maruti suzuki, suzuki motor company having a 54% of partnership with maruti udyog limited so that means they are 54% of owner and 54% of profit taker from maruti suzuki. in vodafone, british vodafone having a 67% of holding so that means british vodafone will grab 67% of profit from india.

in recent scenario lots of companies strong their holding while rupees was fallen, let me tell you one example of hindustan unilever, british-dutch company unilever have made strong profit and holdings while investing internationally in to indian market. before dollar was fallen, unilever’s holding was 52.5% but after that ratio increased to 75% so that means 75% of profit will straight goes in to british-dutch company. hindustan group only have 25% before it was 48%. there are lots of example, we can not mention all of them but yes one can understand what happens behind the door.

so those multinational companies grab strong profit from india, and our poor rupee fallen again and again, so how could we stop that?
honestly we have to buy indian brand but its not possible to all the scenario because of poor quality sometimes, lack of updated technologies or materials. actually we never focused on product development ever, china is the best example of using man power in product development.

government won’t take decision, atleast we should need to use indian brands on small level, i am not telling you to buy tata nano instead of alto 800, its all in our hands whether we are going to change ourself or whether unavoidable circumstances gonna changes us.

spotting out the dissimilar | verbal reasoning

spotting out the dissimilar | verbal reasoning
in this type of test five words are given out of which four are almost same in nature but the rest one is different from the four. the candidate has to findout which one word is different from the rest
for clarification few illustrations are given below.

spotting out the dissimilar | verbal reasoning

spotting out the dissimilar

Example 1 :-
which one of the five words given below is different from the rest?
(A) Jasmine
(B) Marigold
(C) Rose
(D) Sandal
(E) Lotus

Answer with Explanation :- (D) All the rest are flowers while sandal is a wood. therefore, sandal is different from the rest.
that means  four are almost same in nature but the rest one is different from the four.  so we just have to find out which one is different in terms of nature of four.

in examination of verbal reasoning spotting out the dissimilar is important because it will ask on every examination round about 2 to 4  marks and you know exactly how these marks are important as well.

Now lets look at this example

Example 2 :-

Which one of the letter groups is different from the rest groups ?
(A) KMO
(B) EFG
(C) GIK
(D) ACE
(E) LNP

Answer with Explanation :-  (B) in all the other letter groups according to alphabet one letter is missing between the first and second letters and one lettter is missing between the second and third letters. but in the group (B) all the letters are in alphabetic order. therefore, group (B) is different from the rest.

here it is more practice examples hope you like to practice for more.

click here to download

Relationship or analogy test shortcuts – Reasoning

Relationship or analogy test shortcuts  Analogy Relationships List
analogy reasoning test

Relationship or analogy test shortcuts

in this type of test, an effort is made to establish relationship between the two objects. Two objects related in some way are given and with five alternative answers, the candidates are required to find out which one of the alternatives bears the same relation with the third object as first and second objects are related.
analogy is a parallel that is drawn between two different, but adequately similar events, situations of circumstances.
the following examples will clarify the idea clearly-
Example of  Relationship or analogy test shortcuts:-
Flower:Flower Pot: : Player : ?
(A) Captain (B) Ground (C) Team  (D) Game
Answer :- (C) obviously a flower pot consists of flowers, in the same way team consists of players, so correct answer is (C)
got idea?

SOME BASIC TIPS of Relationship or analogy test shortcuts

1)  Recognise the kind of the relationship between the pair of words given.
2)  Have a glance at the alternatives, for pairs of word with a similar relationship.
3)  Eliminate the alternatives that do not appear to be the fittest answer
4)  After that, if more than one pair of words seems to be fit, than again see the question pair.
5)  Then redefine and interpret the relationship in the question pair.
6)  For correct answer always return to the question pair.
7) The parts of speech must be the same in the related words/phrases.
here it is practice Analogy Relationships  List 
Common Analogy Relationships

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