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Branch Managers in Private Banks

 
Started by : Dayanand Deshpande, Senior Consultant, Ernst & Young   12 10 2008 12:30:58 +0000
Industry : BankingFunctional Area : Business Processes(Operations)
Activity:  7 views;  last activity : 07 06 2010 20:18:09 +0000

With Financial crisis that is happening which is affecting all and there is more Jobs that are being axed than ever, so a point comes where you need to take some hard decisions in life, but then with large scale lay-offs and pay-cuts happening across the industry and rumours are there that more number of pink slips coming their way, with all this how can one pay his loan which he had taken when he had job......How will you repay when you don't have a Job??  Do share your views on this.......

 
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1 Spend less
2 Financial assesment

Spend less

idea posted by Dayanand Deshpande Senior Consultant, Ernst & Young
To me this is the only thing that comes to my mind keeping a check on my wallet, the problem some are facing o is a mismatch between their inflow and spending of cash, as inflow has decreased but the spending remains constant.  So to Pay loan during tough times one has to spend less.....but as bank ppl what  do you suggest how to repay the loans....Do suggeset me on this....
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Financial assesment

idea posted by Bhupesh Goel Cards Operations Manager, Citibank
This is the important thing to do for everyone during all the times and not only during tough times, so the first step is to make an assessment of your financial situation, like accounting for your funds which will include not just putting down how much liquid cash you have at the moment, but also the amount that has been invested in various assets and the returns they are generating, so sit with a financial planner for more.....
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