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Yes, Universal banking is commercial banking itself. However, Universal bank does more than a commercial bank. Universal Bank are what we call the "expanded commercial bank" (EK). Commercial banks are limited to allied banking only whereas a universal bank does allied and non-allied banking transactions.
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What are advantages and disadvantages of universal banking?
Advantages of Universal BankingThe benefits or advantages of universal banking are:-Investors' Trust : Universal banks hold stakes (equity shares) of many companies. These companies can easily get other investors to invest in their business. This is because other investors have full confidence and faith in the Universal banks. They know that the Universal banks will closely watch all the activities of the companies in which they hold a stake.Economics of Scale : Universal banking results in economic efficiency. That is, it results in lower costs, higher output and better products and services. In India, RBI is in favour of universal banking because it results in economies of scale.Resource Utilisation : Universal banks use their client's resources as per the client's ability to take a risk. If the client has a high risk taking capacity then the universal bank will advise him to make risky investments and not safe investments. Similarly, clients with a low risk taking capacity are advised to make safe investments. Today, universal banks invest their client's money in different types of Mutual funds and also directly into the share market. They also do equity research. So, they can also manage their client's portfolios (different investments) profitably.Profitable Diversification : Universal banks diversify their activities. So, they can use the same financial experts to provide different financial services. This saves cost for the universal bank. Even the day-to-day expenses will be saved because all financial services are provided under one roof, i.e. in the same office.Easy Marketing : The universal banks can easily market (sell) all their financial products and services through their many branches. They can ask their existing clients to buy their other products and services. This requires less marketing efforts because of their well-established brand name. For e.g. ICICI may ask their existing bank account holders in all their branches, to take house loans, insurance, to buy their Mutual funds, etc. This is done very easily because they use one brand name (ICICI) for all their financial products and services.One-stop Shopping : Universal banking offers all financial products and services under one roof. One-stop shopping saves a lot of time and transaction costs. It also increases the speed or flow of work. So, one-stop shopping gives benefits to both banks and their clients.Disadvantages of Universal BankingThe limitations or disadvantages of universal banking are:-Different Rules and Regulations : Universal banking offers all financial products and services under one roof. However, all these products and services have to follow different rules and regulations. This creates many problems. For e.g. Mutual Funds, Insurance, Home Loans, etc. have to follow different sets of rules and regulations, but they are provided by the same bank.Effect of failure on Banking System : Universal banking is done by very large banks. If these huge banks fail, then it will have a very big and bad effect on the banking system and the confidence of the public. For e.g. Recently, Lehman Brothers a very large universal bank failed. It had very bad effects in the USA, Europe and even in India.Monopoly : Universal banks are very large. So, they can easily get monopoly power in the market. This will have many harmful effects on the other banks and the public. This is also harmful to economic development of the country.Conflict of Interest : Combining commercial and investment banking can result in conflict of interest. That is, Commercial banking versus Investment banking. Some banks may give more importance to one type of banking and give less importance to the other type of banking. However, this does not make commercial sense.
What is the best savings account online available?
I know that HSBC is a trusted banking institution. They have savings accounts as well, and do offer online banking for free also. You should check with them, and try to do it there.
How do I know if I have already deposited a check?
To know if you have already deposited a check, check your bank statement or online banking account to see if the deposit has been processed. You can also contact your bank for confirmation.
Where can you get diploma in banking?
I don't know of any major universities in the US that offer a degree in banking, most offer it in finance and then graduates get hired into banking and are trained by the bank on what they need to know specifically for that industry. However, I have heard of small technical schools that teach banking. I think there is one called the Pacific Banking School, or something like that. I think they are for people who already have experience in banking to learn higher level skills, and are either owned or sponsored by banks.
Does Capital One offer online banking?
Yes it does offer online banking most banks do now days. Just look up Capital One online banking and it will tell you everything you need to know about online banking through them.Yes, as part of its contract you are able to manage your account online and the ability to make any changes to your account at your convenience, also print copies of past statements.
Why does the development of banking during the Commercial revolution in western Europe significant?
i dont know
What are advantages and disadvantages of universal banking?
Advantages of Universal BankingThe benefits or advantages of universal banking are:-Investors' Trust : Universal banks hold stakes (equity shares) of many companies. These companies can easily get other investors to invest in their business. This is because other investors have full confidence and faith in the Universal banks. They know that the Universal banks will closely watch all the activities of the companies in which they hold a stake.Economics of Scale : Universal banking results in economic efficiency. That is, it results in lower costs, higher output and better products and services. In India, RBI is in favour of universal banking because it results in economies of scale.Resource Utilisation : Universal banks use their client's resources as per the client's ability to take a risk. If the client has a high risk taking capacity then the universal bank will advise him to make risky investments and not safe investments. Similarly, clients with a low risk taking capacity are advised to make safe investments. Today, universal banks invest their client's money in different types of Mutual funds and also directly into the share market. They also do equity research. So, they can also manage their client's portfolios (different investments) profitably.Profitable Diversification : Universal banks diversify their activities. So, they can use the same financial experts to provide different financial services. This saves cost for the universal bank. Even the day-to-day expenses will be saved because all financial services are provided under one roof, i.e. in the same office.Easy Marketing : The universal banks can easily market (sell) all their financial products and services through their many branches. They can ask their existing clients to buy their other products and services. This requires less marketing efforts because of their well-established brand name. For e.g. ICICI may ask their existing bank account holders in all their branches, to take house loans, insurance, to buy their Mutual funds, etc. This is done very easily because they use one brand name (ICICI) for all their financial products and services.One-stop Shopping : Universal banking offers all financial products and services under one roof. One-stop shopping saves a lot of time and transaction costs. It also increases the speed or flow of work. So, one-stop shopping gives benefits to both banks and their clients.Disadvantages of Universal BankingThe limitations or disadvantages of universal banking are:-Different Rules and Regulations : Universal banking offers all financial products and services under one roof. However, all these products and services have to follow different rules and regulations. This creates many problems. For e.g. Mutual Funds, Insurance, Home Loans, etc. have to follow different sets of rules and regulations, but they are provided by the same bank.Effect of failure on Banking System : Universal banking is done by very large banks. If these huge banks fail, then it will have a very big and bad effect on the banking system and the confidence of the public. For e.g. Recently, Lehman Brothers a very large universal bank failed. It had very bad effects in the USA, Europe and even in India.Monopoly : Universal banks are very large. So, they can easily get monopoly power in the market. This will have many harmful effects on the other banks and the public. This is also harmful to economic development of the country.Conflict of Interest : Combining commercial and investment banking can result in conflict of interest. That is, Commercial banking versus Investment banking. Some banks may give more importance to one type of banking and give less importance to the other type of banking. However, this does not make commercial sense.
Who is the maid in the directv football commercial?
I also want to know.
Who is the blonde actress in the SnapOnSmile commercial and she's also the blonde with champagne in the Dannon Oikos commercial?
I don't know who is the blonde. I want to know who is the brunette.
What is the best online savings account?
I know that HSBC is a trusted banking institution. They have savings accounts as well, and do offer online banking for free also. You should check with them, and try to do it there.
What is the best savings account online available?
I know that HSBC is a trusted banking institution. They have savings accounts as well, and do offer online banking for free also. You should check with them, and try to do it there.
What is universal port?
USB(Universal Serial Bus)is know as universal port.
What do you know about banking sector?
mountaim
How much does an investment banker earn in Dubai?
This depends in which field of investment banking the lowest is an analyst averages about 25,000 the highest is the Managing Division or Head Division Manager 92,000 but understand if you have a degree and credentials in Islamic banking and the natures of this its not too uncommon to earn more. Associate averages 35,000 while a VP about 50,000 and directors 70,000 but this may vary pending the banks volume of business, and/or both global as well as Islamic bank. The percentage of commercial, corporate and High private wealth holdings vs general consumer holdings will also be key determination in the type of salary one should seek. Expect higher salaries with Islamic banking practices knowledge. As Islamic banking varies then conventional banking practices - the other areas with the highest salaries under the Islamic banking is commercial, private wealth priority investments and corporate banking. Not to mention Risk management in Islamic banking practices side. In Dubia there is actual two agents of banking going on global and Islamic standards understand both features and know how to interact with each is the edge needed for the highest salaries and it's a very competitive field especially with the largest volumes in wealth dealing with corporate, commercial and high private wealth.
Give all the banking terminologies?
we want to know about differet terminologies being used in banking
What is CIS number in banking?
What
How to Learn the Pros and Cons of Universal Banking?
Universal banking services are more common in European countries than they are in the nations that comprise North and South America. Restrictions on banking services in Europe determine what services financial institutions can and cannot offer.What services a bank can offer does not change what the term means. Basically, universal banking means that a bank offers a wide range of investment and lending services. Banks can help a person’s portfolio, offer investment advice, and do offer the same items that most people associate with their banks. Checking accounts, savings accounts, and even certificates of deposit are common.Universal banking is a good idea for a person who does not want to deal with several different institutions for al their financial needs. Universal banking institutions do not offer the same level of service that more specialized firms do. Offering the services in the same place also reduces the amount of travel required for a person to get investment advice.Stock brokers may not be considered part of a person’s banking, but if they belong to a bank they have to worry about more than just making a profit for their clients and getting a small firm for themselves. The banks must also follow the regulations set by the bank, which may or may not be in the best interests of the bank’s consumers.On the other hand, placing all the services into one area makes it easier for investors to use their money to diversify their portfolio. A person can leave it with the bank’s personnel and have it go into the stock markets, certificates of deposits, and his savings and checking accounts.If a person wants to know if his bank offers universal banking services, all he has to do is ask to find out. Many banks in the United States have extended their services to further appeal to their customers. If the bank does not offer the services, an individual employee might be able to steer a person in the right direction for good investment advice.
