Suggested Certification for Banking

ISACA Privacy Certification, Indian Institute of Banking & Finance Certifications
Recommended Book 1 for Banking

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Recommended Book 2 for Banking

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Recommended Book 3 for Banking

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Recommended Book 4 for Banking

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Recommended Book 5 for Banking

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Interview Questions and Answers

Cryptocurrency is a digital or virtual currency that uses cryptography for security. Banks are exploring ways to integrate cryptocurrency into their services, such as offering custody solutions and facilitating transactions.

Banks charge various fees, including monthly maintenance fees, overdraft fees, ATM fees, wire transfer fees, and early withdrawal penalties (for CDs).

A bank teller assists customers with basic transactions such as deposits, withdrawals, and check cashing.

A credit score is a numerical representation of a persons creditworthiness. Its important for obtaining loans, credit cards, and other banking services.

Fraud in banking involves deceptive practices to obtain money or assets from a bank or its customers. It can be prevented through strong security measures, customer education, and monitoring suspicious activity.

Current trends include the rise of fintech companies, increased use of mobile banking, and a focus on customer experience and cybersecurity.

A cashiers check is a check guaranteed by a bank, drawn on the banks own funds. Its considered a safer form of payment than a personal check.

Overdraft protection is a service that covers transactions when an account balance is insufficient. It may involve transferring funds from another account or providing a line of credit.

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the U.S. government that insures deposits in banks and savings associations up to a certain amount per depositor, per insured bank.

Banking regulations are rules and laws that govern the operations of banks. They are important for maintaining financial stability, protecting consumers, and preventing fraud.

A wire transfer is an electronic transfer of funds from one bank account to another. Its typically used for larger transactions and can be domestic or international.

Banking can be described as the business operation of receiving and safeguarding money owned by other individuals and organisations, and then lending out this money in order to earn a profit.

Savings accounts.
- Checking accounts.
- Money market accounts.
- Certificates of deposit (CDs)
- Retirement accounts.

An industrial bank is a state-chartered, financial institution, usually owned by a commercial firm, that is not regulated by a federal bank. Industrial banks accept customer deposits and provide loans for consumers and small businesses.

The Treasury yield is the interest rate that the U.S. government pays to borrow money for different lengths of time. Length of time can be 1yr, 5 yr, 10 yr, etc.

Prime rate: Interest rate that large commercial banks charge on loans and products held by their customers with the highest credit rating.

CAPM: CAPM(capital asset pricing model) is the market risk premium, which is calculated by subtracting the ri

The know your customer or know your client guidelines in financial services requires that professionals make an effort to verify the identity, suitability, and risks involved with maintaining a business relationship. The procedures fit within the broader

The financing of equity refers to funds provided by the selling of stocks. The biggest advantage of equity funding is that it is not required to repay funds. Since equity funding is a greater risk to the investor than the lender is to debt financing, the

The Fed use's four tools to achieve its monetary policy goals: the discount rate, reserve requirements, open market operations, and interest on reserves. All four affect the amount of funds in the banking system.

As interest rates go up - As the federal/central bank increases the rate of federal funds, the borrowing cost often goes up, and a sequence of cascading effects begins with this increase. In turn, for customers and companies, banks increase their interest

Challenges facing the banking industry:
- Increasing Complicated Regulatory Environment.
- NPA's
- Digital Competitors.
- Cybersecurity.
- Competition.
- Customer Retention.
- Changing Expectations.
- News source.

New

Co-operative banks are financial entities established on a co-operative basis and belonging to their members.