Professional Documents
Culture Documents
Hyderabad State Bank conducted the take over of the assets and liabilities of the
Hyderabad Mercantile Bank Ltd. in 1953. It was in the same year, when the Bank started
its Government and Treasury business as an agent of the Reserve Bank of India. In 1956,
the RBI took over the Bank.
Since then, Hyderabad State
Bank came to be known as State
Bank of Hyderabad (SBH), which was the subsidiary of RBI during the period. On 1
October 1959, SBH became a subsidiary of the State Bank of India.
ATM Services
State Bank of Hyderabad offers easy access to money to its customers, through the ATM
cum debit cards issued by it. The ATM cum debit card issued by the Bank can be used at
more than 12500 ATMs of Andhra Bank, Bank of India, Corporation Bank, Dena Bank,
HDFC Bank, Indian Bank, IndusInd Bank, Punjab National Bank, UCO Bank, Union
Bank of India , UTI Bank, Canara Bank and Bank of Rajasthan, which are members of
bilateral sharing arrangement. Apart from withdrawing money from your Savings and
Current accounts, you can view the current balance and the mini statement of the last five
transactions on your SBH account, by using the ATM cum debit card.
Courses:
State Bank of Hyderabad Student Loans are offered for several kinds of academic
programs in India and abroad.
• Education loan can be sanctioned for pursuing school education in India.
• A student can also apply for this loan if he plans to study graduate, postgraduate
and doctoral programs in India.
• Professional Courses like Engineering and Medical programs, specialized courses
like ICWA, CFA or CA, programs by nationally reputed institutes like IIM and
IISc or computer certificate programs of recognized institutes in India can be
considered for this loan.
• Even courses by recognized foreign universities, diploma programs sanctioned by
the likes of UGC, AICTE and the government in India, can be taken into
consideration for sanctioning this loan.
• If you plan to study employment-oriented graduate courses, postgraduate
programs like MS or MBA, or courses by CPA in the US or CIMA-London in
abroad, you can apply too.
Eligibility:
Only an Indian national can apply for an education loan from State Bank of Hyderabad.
The student also should have been admitted to a vocational or professional course on the
basis of a selection procedure or entrance test. You will also be considered eligible if you
get admission to a foreign institute.
The amount of loan is decided on the basis of a person's requirement as well as the
repaying capability of the student borrower or his parents.
A maximum amount of Rs 10 lacs is sanctioned for studying in India. The amount for
studying in abroad is Rs 20 lacs. The bank also has guidelines in regard to the margin and
security of its Educational Loan Scheme.
• No amount of margin and security is there for loan amount upto Rs 4 lacs.
• However, for a loan amount above Rs 4 lacs, there is a margin of 5% and 15% if
you pursue studies in India and abroad respectively.
• A borrower needs to present guarantee of a 3rd party for a loan amount above Rs
4 lacs.
• When the loan amount exceeds Rs 7.5 lacs, a collateral security of considerable
value should be submitted. Or there should a co-obligation of guardian, parents or
a 3rd party. Even the future income of the student needs to be assigned for paying
the installments.
Repayment:
The student loan obtained from State Bank of Hyderabad can be repaid in a time period
of 5 to 7 years after repayment is begun.
To know more about the rate of interest, processing fee or other terms and conditions of
State Bank of Hyderabad Student Loans, you can click on http://www.sbhyd.com/
Customer Service
In terms of Reserve Bank of India directions, an ad-hoc committee on procedures and
performance audit on customer service in banks has been constituted in our bank, with
AGM (DB) as the nodal officer and Senior Manager level officials as members. The
committee would look into simplification of procedures and practices with a view to
safeguarding the interests of common persons and to improve the customer service in the
areas of foreign exchange transactions, government and public debt transactions,
banking operations and currency management. The committee would also recommend
for modification/rationalization of existing RBI guidelines that could help in further
enhancing the customer service.
Financial services
From Wikipedia, the free encyclopedia
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The examples and perspective in this article may not represent a worldwide
view of the subject. Please improve this article and discuss the issue on the talk
page.
Financial services refer to services provided by the finance industry. The finance
industry encompasses a broad range of organizations that deal with the management of
money. Among these organizations are banks, credit card companies, insurance
companies, consumer finance companies, stock brokerages, investment funds and some
government sponsored enterprises. As of 2004, the financial services industry represented
20% of the market capitalization of the S&P 500 in the United States.[1]
Contents
[hide]
• 10 References
The term "financial services" became more prevalent in the United States partly as a
result of the Gramm-Leach-Bliley Act of the late 1990s, which enabled different types of
companies operating in the U.S. financial services industry at that time to merge.[citation
needed]
Companies usually have two distinct approaches to this new type of business. One
approach would be a bank which simply buys an insurance company or an investment
bank, keeps the original brands of the acquired firm, and adds the acquisition to its
holding company simply to diversify its earnings. Outside the U.S. (e.g., in Japan), non-
financial services companies are permitted within the holding company. In this scenario,
each company still looks independent, and has its own customers, etc. In the other style, a
bank would simply create its own brokerage division or insurance division and attempt to
sell those products to its own existing customers, with incentives for combining all things
with one company.
[edit] Banks
Main article: Bank
• Private banking - Private banks provide banking services exclusively to high net
worth individuals. Many financial services firms require a person or family to
have a certain minimum net worth to qualify for private banking services.[2]
Private banks often provide more personal services, such as wealth management
and tax planning, than normal retail banks.[3]
• Capital market bank - bank that underwrite debt and equity, assist company deals
(advisory services, underwriting and advisory fees), and restructure debt into
structured finance products.
• Bank cards - include both credit cards and debit cards. Bank Of America is the
largest issuer of bank cards.[citation needed]
• Credit card machine services and networks - Companies which provide credit
card machine and payment networks call themselves "merchant card providers".
[edit] Foreign exchange services
Foreign exchange services are provided by many banks around the world. Foreign
exchange services include:
• Currency Exchange - where clients can purchase and sell foreign currency
banknotes.
• Wire transfer - where clients can send funds to international banks abroad.
• Foreign Currency Banking - banking transactions are done in foreign currency.
• Asset management - the term usually given to describe companies which run
collective investment funds. Also refers to services provided by others, generally
registered with the Securities and Exchange Commission as Registered
Investment Advisors.
• Hedge fund management - Hedge funds often employ the services of "prime
brokerage" divisions at major investment banks to execute their trades.
• Custody services - the safe-keeping and processing of the world's securities trades
and servicing the associated portfolios. Assets under custody in the world are
approximately $100 trillion.[4]
[edit] Insurance
Fraud within the financial industry costs the UK an estimated £14bn a year and it is
believed a further £25bn is laundered by British institutions.[6]
The financial services industry constitutes the largest group of companies in the world in
terms of earnings and equity market cap. However it is not the largest category in terms
of revenue or number of employees. It is also a slow growing and extremely fragmented
industry, with the largest company (Citigroup), only having a 3 % US market share.[7] In
contrast, the largest home improvement store in the US, Home Depot, has a 30 % market
share, and the largest coffee house Starbucks has a 32 % market share.
[edit] See also
Book:Finance
Books are collections of articles that can be downloaded or ordered in print.
• Accounting scandals
• BFSI
• European Financial Services Roundtable
• Financial analyst
• Financial data vendors
• Financial markets
• Financialization
• Financial transaction tax
• Government sponsored enterprise
• Institutional customers
• International Monetary Fund
• Investment management
• List of banks
• List of investment banks
• Misleading financial analysis
• Thomson Financial League Tables
[edit] References
• Porteous, Bruce T.; Pradip Tapadar (December 2005). Economic Capital and Financial
Risk Management for Financial Services Firms and Conglomerates. Palgrave Macmillan.
ISBN 1-4039-3608-0.
• Schoppmann, Henning (Edit.); Julien Ernoult, Walburga Hemetsberger, Christoph
Wengler (September 2008). European Banking and Financial Services Law - Third
Edition. Larcier. ISBN 2-8044-3180-0