NCFM – Commercial Banking Module Online Course
EduCBA
Summary
- Certificate of completion - Free
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Overview
About Commercial Banking
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- Practical SKILLS DEVELOPMENT
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A commercial bank can be defined as a financial institution that has the responsibility of providing services like acceptance of deposits, dispersing loans for business purposes as well as auto loans and also mortgage lending along with basic products of investment such as “certificates of deposit” and “savings accounts”.
Description
About Commercial Banking
A commercial bank can be defined as a financial institution that has the responsibility of providing services like acceptance of deposits, dispersing loans for business purposes as well as auto loans and also mortgage lending along with basic products of investment such as “certificates of deposit” and “savings accounts”.
The commercial bank that traditionally exists is an institution of “brick and mortar” which consists of safe deposit boxes, ATMs, tellers and vaults. In certain cases the physical branches are not present for the commercial banks and the consumers are required to complete all their transactions either through the internet or over the phone. High rates of interest are usually paid on the investments as well as the deposits in exchange and fees charged are low.
Thus, it can be said that commercial banks are financial institutions that provide services such as offering saving, deposit and current account and giving loans for individuals, organisations and businesses. This is in contrast to the investment banks, the main role of which is underwriting of securities, M & A advisory, securities trading and asset management.
The profits in case of the commercial banks are made by taking short term and small deposits that are relatively liquid and these are then transformed into longer as well as larger maturity loans. The asset transformation process leads to the generation of net income in cases of the commercial banks. Some of the commercial banks also perform the business of the investment banking but it is not the major area of business of the commercial bank.
While there has been a consolidation in the banking sector, it should be noted that many more people are working and have jobs in the sector of commercial banking in comparison to any other part of the industry of financial services. Banking jobs can be exciting and at the same time offer opportunities that are excellent for learning about the business, interacting with the people and also building up a clientele.
The diversity that the commercial banks possess in the modern age is more than ever before. A wide range of opportunities exist in the sector of commercial banking that start from the level of the branch where a person might begin the career as a teller and then move on to a number of other services like trade credit, international finance, credit card banking and leasing. In case you have the enthusiasm to enter this field and are prepared well, you have chances of finding a large number of jobs related to commercial banking that will be open for you.
Who is this course for?
- Students as well as the professors who have plans of appearing for the NCFM Module
- Any person who has interest in Commercial Banking and what to learn about the Indian system of Commercial Banking
- Students who belong to the various business schools
Requirements
- Basic knowledge that is related to finance
- The person planning to undertake this module must have interest in finance along with a passion for learning
- A personal computer along with an internet connection
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Certificates
Certificate of completion
Digital certificate - Included
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