The Bank’s Driving Engine: Banking Operations

By Author: Tanvi Wadhwa
Total Articles: 30
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A bank is an institution which is trusted by a lot of people with their savings. A bank does a lot of functions like accepting deposits and channeling those deposits into lending activities. A bank is that financial institution which connects customers with capital deficit to customer with capital surplus. Successful functioning of a bank depends to a large extent on how the banks’ operations are managed.

Banking operations is that department of a bank which takes proper care of the daily legal transactions of a bank like providing loans, mortgages and investments, depending on the focus and size of the bank. The investment deals of a bank can’t be completed without getting the effective back up from the operations department.

One of the most important functions of the operations department is to control and manage the trade processes of a bank and of the other branches of that bank. And since there are thousands of transactions taking place every second this job has become incredibly important and complex. But, these complexities can be overcome by taking up proper training in the field.

Usually, ...
... the banking operations department works on the ‘follow-the-sun” model because the operations department works for 24x7. There are thousands of transactions taking place in a bank every day, hence it is implied that a track has to be kept of each and every transaction that takes place.

Although it is a non-revenue generating division yet it is a very vital function. Proper banking operations can save billions of money of a bank by streamlining the processes of a bank. The banking operations department also acts as a watchdog for the bank. It oversees the regulatory requirements of the banks. It also pays heed to resolving discrepancies in the trade relations of an organization.

Banking operations is a booming career option as it is expected that in the coming year banks would be on a hiring spree and operations is a field which requires lot of expertise and knowledge of the field. This department is often viewed as the engine of the bank.

Keeping the wide scope and opportunities available in this field in mind, EduKart.com have designed a Certificate Course in Banking operations and Financial Services. This course is especially designed for understanding the branch operations of a retail bank and associated financial services, understanding and managing strategies of a bank for the acquisition, engagement and retention of business. This course covers various topics like Indian financial System, Finance essential, branch banking, banking services, credit rating, IPO grading, Mutual Fund Investment, Indian market Issues, insurances, factoring, forfeiting and bill discounting, lease and hire purchase, venture funding and securitization.