Loan ProcessingSiddhartha Ranadive | Junior Officer | Janata Sahakari Bank
What is Loan Processing?
A Career in Loan Processing is very interesting. Unfortunately, it is very difficult to find information about What Loan Processing actually is. Most pages on the internet just talk about How to get into Loan Processing. While anyone can have an opinion on what Loan Processing entails; only a real professional can really explain it.
Junior Officer Siddhartha Ranadive has worked in Loan Processing for 7 years & 8 months. According to Junior Officer Siddhartha Ranadive, Loan Processing is:
Loan processing is an entire sequence of steps, from the time a loan application is received (or a loan offer is accepted) to the time loan is closed, the loan proceeds are disbursed, and the aggregate amount (principal plus interest) is placed on the lender's books as an asset.
How Junior Officer Siddhartha Ranadive got into Loan Processing?
After completing my education, I did certifications courses from NCFM (National Stock Exchange Certification in Financial Markets) and Indian Institute of Banking in Capital Market and Loan Monitoring respectively. I started my professional career with eClerx as an Analyst and I am working with Janata Sahakari Bank as a Junior Officer.
Junior Officer Siddhartha Ranadive's Talk on Loan Processing
|Starts with what is:|
|Next, it covers Education. We all know that only 10% of what is taught in Loan Processing is actually used in real life. The Education section of the Talk clearly explained what is the 10% needed in Loan Processing. It explains Education needed in Loan Processing with these items:|
|Then, the Talk focuses on the most important component that is Skills. Sills and success in Loan Processing go hand in hand. One needs to get a hold of essential skills. Here is a list of Skills required for Loan Processing:|
|Positives of Loan Processing are quite interesting. The Talk discusses following Positives of Loan Processing:|
|It is important that one develops a fair understanding of the Challenges of Loan Processing:|
|In the final section of the Talk, Siddhartha Ranadive talks about How a day goes in a Career in:|
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How to get into
If you are want to get into Loan Processing, start by investing in a Career Plan.
The 14 hour process, guided by a LifePage Career Advisor, will help you introspect and check whether your interest in Loan Processing is merely an infatuation or is it truly something you wish to do for the rest of your life.
Next, your Career Advisor will help you document how you can get into Loan Processing, what education and skills you need to succeed in Loan Processing, and what positives and challenges you will face in Loan Processing.
Finally, you will get a Career Plan stating which Courses, Certifications, Trainings and other Items you need to do in the next 7 years to become world’s best in Loan Processing.
LifePage Career Plan
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Your LifePage Career Advisor facilitates your guided introspection so that you systematically explore various Career options to arrive at a well thought out Career choice.
Next: your Advisor helps you figure out how you will get into your chosen Career and how will you develop the skills needed for success in your Chosen Career.
LifePage Plan will not stop at saying "to become an Architect study Architecture". It will guide you on which Certifications, Trainings and Other items you need to do along with your Architecture education to become the world's best Architect.
Links for this Talk
Junior Officer Siddhartha Ranadive's LifePage:
LifePage Career Talk on Loan Processing
(Loan Processing, Siddhartha Ranadive, Janata Sahakari Bank, Junior Officer, Loan Process, Loan Officer, Credit, Banking, MBA Finance, Banking, Bank Loans)
Banking basically means money. Dealing with public money, which the bank is liable to pay. Now banking is a basket of products, providing insurances, loans etcetra, which is in some ways helping people.
"After completing my graduation from Tula's Institute and post graduation from Manipal University, I started working with Axis Bank Ltd as an Assistant Manager since 2015."
Assistant General Manager | Public Sector Bank, Dehradun
Assistant General Manager | Public Sector Bank, Dehradun
[ 17 years & 1 month Experience ]
Banking is not only confined to transactions, tallying of balance sheets and debits or credits, It has become a field in where sourcing of accounts, business development and servicing are also important. With that various loans like home loan, car loan etc. is also involved. There are also investment advisory services involved such as Mutual Funds.
"I have done my schooling from Welham Girls School, Dehradun. Completed my B.Sc and MBA from Lucknow University and started working in public sector banks and it has been almost 15 years in the same field. I am currently working in prominent branch of a public sector bank in Dehradun as Assitant General Manager."
Bank regulation is a form of government regulation which subjects banks to certain requirements, restrictions and guidelines, designed to create market transparency between banking institutions and the individuals and corporations with whom they conduct business, among other things.
"After doing my schooling from Raja Ram Mohan Roy Academy Dehradun, I did my B Tech in Computer Science from Tulas Institute, Dehradun. After that, I did MA in Economics from Mumbai University and then worked for Union Bank, Dehradun. Thereafter, I joined RBI as Manager in Forex Exchange Department working on Banking Regulation."
SME Banking services provides financing solutions to small and medium enterprises (SME) to grow their businesses in India and abroad.
"After completing my BA in Economics, English and Maths from HNB Garhwal University, I got placed at Bank of Baroda. I served there for 38 years. I retired as Deputy General Manager from Bank of Baroda."
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