BAFT’s Certificate in Introductory Transaction Banking (CITB) is targeted at individuals who are new to transaction banking products and services. This certificate is tailored to those that are either joining a bank directly from college, from a separate line of business and/or industry, as well as those junior level employees looking to have a broader knowledge of their role in transaction banking.
The target candidate has under three years of transaction banking experience, or has only had exposure to parts of transaction banking.
Finance in itself means risk. The more the risk involved the more profitability is a rule of thumb in the financial sector. But strategic risk management would lead to reduced chances of losses. This is a technique that is applicable in all segments.
Structure of this Certification Course
There are countless types of banks and financial institutions currently operating in the world. Each of these institutions seeks to provide a specific set of services, and it is not uncommon for an organization to tailor its services to a particular market or type of investor. In another sense, banking operations involves the practices and procedures that a bank uses to ensure that customers’ transactions are completed accurately and appropriately. For example, if a customer wishes to purchase stock shares, the bank ensures that the money and the stock are ready to be traded. The bank will oversee the actual transfer of the stock and funds, and it will ensure that any reporting requirements regarding the transaction are recorded. Throughout the process, the bank focuses on protecting its clientele and looking for any potential threats to the client’s finances.
A non-banking institution which is a company and has principal business of receiving deposits under any scheme or arrangement in one lump sum or in installments by way of contributions or in any other manner, is also a non-banking financial company (Residuary non-banking company).
Debt Recovery Agents (DRA) are representatives appointed by banks and lawful debt collection agencies to act as their agents and make calls or visit debtors to collect payments on any kind of past due bill without violating the regulations implemented by RBI. Debt recovery agents are also responsible for providing debtors every important detail of their loan's terms & conditions and guide them accordingly for the payment.
Banking and Financial Services means those banking and related financial services of a Banking Organization or subsidiary thereof, including but not limited to, checking and savings accounts, health savings accounts, money market accounts, loans, credit cards, cash management services, lines of credit, investment ...
Micro Financing, though ignored in the realm of the financial world, has its share of critics. There are thousands of words against Microfinance business and its actual impact on society. On the other hand, some real practitioners and organizations are working hard to eliminate economic backwardness by providing financial aid and establishing financial inclusion.
The associate will analyze/assess financial data and prepare various reports/statements and maintain endowment accounts and reconcile ledgers.
Many finance professionals choose to have an accounting designation instead of a finance certification. CPA is the gold standard in the accounting world and also plays really well in a finance career path. The CPA curriculum consists of auditing and attestation, business environment and concepts, financial accounting and reporting, and regulation
Diploma Banking Operations (DBO) - Banking Operations program is to build a pool of banking professionals in India, who can sustain the growing momentum of the sector and help it achieve new levels of profitability and customer responsiveness. To that end, expert faculty have designed a comprehensive portfolio of training program and developed relevant course content that hones the soft and hard skills needed by new-age banks.
PGDBO is a six months' course introduced for banking students with three months of full time class-work and three months of internship session. This is a very different program which is introduced taking care of the content and methodology.
