The various facets of Indian banking

The biggest bank in the country which is the State Bank of India which has the highest number of customers in the market. It also has the highest amount of depositors in the market and also the most number of bank branches AND ATM's in the country. However the bank does figure in the worlds top 500 banks with a rank of 380 for the year 2008 with the total assest of the bank by the end of financial year in 2008 stood at 257.183 billion. The ranking for the bank had improved as the bank had stood at 495 in the corresponding previous year.

The SBI is a people's bank but there are other banks which cater to the individual needs of teir few but very hight net worth clients. These banks have few clients compared to the likes of the above bank. Yes Bank is one o them with the bank which had started it journey recently and slowly and steadily they have gained clients and managed to create a small niche in the market which they have isolated itself in through its innovativeness and creativity. Yes Bank is one of the banks which has the capability and ability to make a difference in the banking market in India in the long term.

Banking still has the players who try to balance the two and walk the thin line between mass consumerism, high revenues and low profit margins or a select few clients, specialistaion, customisation and high profit margins. Axis Bank is one of those banks which is trying its hands at both sides of the banking business with the bank doing mass commercial mareting campaigns and also launching specialised banking programs for high net worth individuals. Axis Bank is thus a fine example of how both the sides of the coin if managed properly can help the bank sustain a profitable long term existence in the market.

Credit Cards:- The smart way to make payment

In this present scenario where people's life is full of hustle and bustle, where money reap in every second, credit card plays a pivotal role. In fact it actually kills the fear from our minds of carrying liquid cash in our hand.

Credit Cards is a small plastic card which bears the name of the holder and a secret pin number to operate it. The specific pin number is generally provided by the different financial institutions. Nowadays there are various banks like SBI, ICICI, ABN-AMRO and American Express which provide credit cards to the customers at a specified rate.

If we have American Express credit card in our pocket, then we will have the financial power to purchase anything from the market as per our requirement. We can also get fabulous rewards by using the card. Well, we can have them as they falls under various categories such as American Express Platinum Card, Indian Airlines American Express Credit Card, American express Gold Credit Card, American Express Kingfisher First Credit Card

On the other hand ICICI bank, which is the second largest private bank of India and well known for its quality and efficiency also offers credit card services to its customers. The different facilities that we can find out are like Auto Debit, Internet banking, Cash in advance, Email statement or Mobile Alerts. In addition to this we can clarify our queries by calling to the 24 hours online helpline number. You can find out different variety of credit cards as per your need. ICICI credit card catalog includes ICICI platinum cards, ICICI titanium cards, ICICI bank golf card, ICICI bank travel Smart Gold credit cards etc.

Thus at the end of the day we have to believe that the credit cards are very helpful in ones life and people should have this, in order to avoid of taking loose cash for purchase some thing from the market.

Insurance: Safeguarding one's own life

Nobody can predict what is going to happen next, because if they could have, then almost all the accidents would have been bypassed easily. God forbid but if any mishap occurs to the main earning person of the family, then whole of family comes under severe financial pressure.

So most important thing that we should opt for is to take up a health Insurance as per our requirement.

At present, we can see various health insurance companies like Aviva, Birla SunLife and Reliance Health Insurance which are operating successfully in the country. Reliance Health Insurance policy provides us the best medical care facility. It offers various customized insurance policies. Under its health insurance portfolio it provides two type of policies, individual health policy and the health wise policy.

By taking up Reliance Health Insurance policy we can avail the third party administration services too. It also covers up illness, disease or any accidental injury. With the insurance policy in his hands, an individual need not worry about the hospitalization expenses as after the insurance, it is their responsibility to provide the amount, mentioned in the official document of the insurance policy.

People whose age falls between between 5 years to 75 years mark, can avail insurance benefits.

On the other hand if we want to insure our vehicle we can easily get it done through the Reliance Motor Insurance. This insurance policy looks after your vehicle and is responsible for providing the funds in case of any damage occurs to it due to any natural or artificial factors. Under the natural factors tag comes, flood, cyclone, earthquake etc. There are various clauses further laid down by the company which helps us to get back the sum returned under different man made circumstances like accident or fire or lightning or theft.

Thus we can see that Insurance is the order of the day that everybody should take up in his or her life in order to protect himself as well as his/her family.