Hi Shanti,
Banking- In recent years there has also been considerable change in the functioning of bank. There has been an increase in the amount of technology used by banks, e.g, some banks use cash dispensers and offer twenty four hours cash withdrawal facility, instant account details and money transfer through computer network. There is much more competition in the banking sector. Services have to be sold in ways never done previously.
From the regular banking operation, termed as ‘house keeping', balancing of books and reconciliations of inter branch and intra branch entries of simple money transactions, commercial banks are diversifying their priorities.
Corporate and merchant banking
Merchant banking
Investment banking
Treasury and forex function
https://www.shiksha.com/getArticleDetail/174/Banking-Nature-Of-Work?token=aa&page=1Finance- With a rapidly changing economic sector and with the impact of globalization marketing activities face severe competition. Corporate employ finance professionals to manage their finances for maintaining financial viability and stability of the business. Financial managers prepare financial reports, advise investments and are involved in financial management strategies and planning. Merchant banking firms, financial services offered by most large business houses and activities of the investment industry have opened up formidable challenges for finance professionals.
Practically every firm - whether in manufacturing, communications, finance, education, or health care - has one or more financial managers - treasurer, controller, credit manager, cash manager, and others - who prepare the financial reports required for tax and other regulatory demands.
https://www.shiksha.com/getArticleDetail/1941/Finance-Management-For-A-Career?token=aa&page=1Hope it helps. Please feel free to revert. Click on the thumbs up or mark it as the best, if you found this useful.
Wish You Luck!
Hi Shanti,