The Role of Banking Services in India

Bank is financial institution which plays a very crucial role in the economy of any country. Since banks play very crucial role in the economy they are highly regulated. In India RBI (Reserve Bank of India) regulates the other banks operating in the country.

Banking Service in India

Banking services in India are now going through a phase of improvement. With globalization and liberalization, many of the big names in banking industry have started their operations in Indian banking market.

These International banks have really helped in improving the customer services in the Indian banking system. Now with increasing competition amongst banks the services are improving; now bank is not all about depositing, withdrawing and lending the money; they have started various customer centric services.

The banking services are now far better and quicker; with the prevalence of services like internet banking one can access the account at any point of time from any location. Now customer get lot of privileges from banks like Internet banking, ATM cum Debit Card, Credit Card, locker facility, Forex Services, 24x7 Customer Support Services, various lending and financing schemes.

Indian banking sector is divided in to two major section government owned banks and private banks. The major share of the banking market is been hold by the government owned banks. SBI is the major and the largest bank in Indian banking sector as far as the government owned banks are concerned. Sate Bank of India has the largest share in the Indian banking market. It has multiple branches across the country. The advantage that SBI carries that it has its branches even in rural and remote areas.

The private banking sector has really improved the banking services in India. The private banks have given whole new definition to the banking services. Customers are now experiencing the new level of customer services from these banks. Private Bank provides better and proactive information about banking products, which helps the customer to have better understanding of their accounts and investments.

The banking services are also seeing some major changes. Various stringent rules are implemented for banks to render services. RBI the Indian regulatory bank keeps on issuing regulatory guidelines and new frameworks to ensure quality and safe banking services. It has also introduced the norm KYC that is Know Your Customer policy. This policy requires to verify various personal information related the applicant some of them are the address proof and the identify proof of the applicant.

Banking services also play an important role in business industry as they provide finance to various business industry and firms. Banks have introduced various easy finance scheme which help firms to get the monetary help to run the business.

Banking sector has become very large and important sector. There are several tenders and procurements notice floated banks. You can get free access to Bank Tenders at Indiamart. Indiamart brings you tenders and notification information from banking sector for absolutely free. Various Bank Tenders including tenders of top government owned bank Allahabad Bank Tenders, Bank of India Tenders, Bank Of Baroda Tenders, can be accessed at Indiamart.



Click here to know more about CPWD Tender

NBCC Tenders

Incorporated as one of the public limited companies 52 years ago, NBCC or National Building Construction Corporation is a wholly owned Government of Indian Enterprise. Since the main line of business operated by the Corporation is execution of civil engineering projects, NBCC tenders are being regularly floated giving opportunities to enterprises connected to real estate industry.

        Besides civil engineering projects, NBCC tender requirements are also floated for procuring manpower and subletting consultancy services. In these tenders, the major focus is on the home market and turnkey projects. Today, NBCC has been able to establish itself as a flagship company for construction of high rising chimneys as well as cooling towers.

Prospective bidders looking forward to bid for NBBC tender opportunities need to understand the technology which is used by the company in their construction projects. Both slip form and jump form technologies are used by it, while they are also working on setting up of economic sewage treatment plants.

Huge Scope for Bidder- 

 

Since NBCC is a MOU signing company since last 20 years with the Government and the performance levels have remained high, it has been able to strike a number of deals with leading multinationals across the globe. With economic liberalization giving impetus to such deals, the scopes for bidders are huge in opting to bid for NBCC tenders.

The focus of the work taken up by the company is on environmental, infrastructure, and power sector improvement projects. NBCC is also a partner of the Government of India in Poverty Alleviation programs since 2002. That is why a host of different types of tenders are floated by NBCC at regular intervals. As the organization has been included in the list of top 225 contractors of the world, the working arena is huge as well and international in nature.

Types of Tenders 

 

Common tenders floated by NBCC include civil works, external electrification works, and other specialized projects. However, tenders are also floated for empanelling executing agencies and consultancy services as it is one of the premier consultancy services in the country. Details about the types of consultancy services that the corporation offers and its empanelling procedures can be viewed at IndiaMART website.

NBCC tender opportunities are available in the following areas of specialization from time to time:

• Chimney, cooling tower, and TV tower constructions;
• Setting up transmission lines;
• Real Estate;
• Environmental projects;
• Tube and Metro Rails;
• No-Dig projects; and
• Consultancies.

Placing Winning Bids-

With such high reputation and widespread working platform, it is natural that the NBCC follows some very strict code of conduct for acceptance of tenders. It would be good for the prospective bidders to carefully go through the tenders floated and understand the eligibility conditions and format for the bidding.

Like most other organizations, NBCC tender floating also is done in the e-tendering mode. It would be necessary for the bidders to establish that they are secure bidders which mean that the bidders should have required security tools for applying. For bidding online, the prospective bidders can obtain the detailed information from some informative and educative site like IndiaMART.

It is also important to understand that NBCC follows a pre-qualification process for the prospective executants to work under them. Prospective bidders should meet the qualifying criteria for each of the categories for which the tenders are floated. 

Click here to know about free online tenders 

Border Road Organization Tender

Roads play a crucial role in the development of the nation. Every one of us is aware of the fact that how vital the roads are for the development context. Not only better roads ensure faster and safer transportation they also lead to the development, as better transportation mean better business opportunities.

       The roads on the border of the country are very important as these roads cover the border of India and some of these also connect India to the neighboring country. Hence, the construction and maintenance of these roads is very important as these are the part of a very vital chain system which leads towards development.

This organization was formed way back in the year 1960. Ever since its inception the organization is providing exceptional service to the nation and people living in the border areas. The organization is involved in connecting the remote area of the border. 

 

One of the prime responsibilities of the organization is to keep the border areas connected with the nation. Border roads are the main transporting medium for the army, as these roads facilitate the vital supplies to the army personnel serving the nation at borders. It is through these roads supply like food and other important things are made to security forces.

The organization has a pool of military engineers deft in working in adverse conditions. Taking care of roads at border area is different from maintaining the roads at other parts of the country as some of the border areas of country have difficult climatic condition. It takes sheer guts to make way through the hard rocks, maintaining roads through the ice cover and maintaining roads which are flood prone.

The exceptional work of the organization can easily be seen in the border areas like Leh and Ladakh where the climatic conditions are very extreme. It is a real challenge to keep the line of road transport open throughout the year. The height of these places also poses great challenges to the engineers carving out paths and maintaining roads in these areas. The organization is serving the nation in great deal by making way through these snow clad parts of the country.

       Since the major work of the organization is construction related, hence it regularly floats tenders for various material requirements and services. Border Road Organization tenders can be a huge business opportunities. To spot these opportunities access Border Road Organization tenders at Indiamart. Indiamart provider online information of Border Road Organization tender for absolutely free.

Click here to know more about Latest Indian States Tenders

South Eastern Coalfields (SECL) Tenders

For winning lucrative tenders that could give the bidder best returns, it is imperative that the bidding process is carried out in a right manner and the bidder satisfies some prerequisites of a good tender. Moving with a guided approach can win highly paying deals from various SECL tenders.

      South Eastern Coalfields Limited (SECL) is the largest coal producing company in India. SECL is one of the eight subsidiaries of Coal India Limited, a Government undertaking and is controlled by the Ministry of Coal in Government of India. With coal production in the range of 114 million tons, it offers substantial opportunities for prospective entrepreneurs to promote their business by floating SECL tenders. Here are some tips to be successful.

 

Giving Value for Money in the Bid: Normally the assessors would look for “value for money” aspect in the bid. Bidders prefer the proposals that give them the best value in terms of products and services in lieu of their investments in the project. Writing tender response for the business will help bidders know what the competitors are quoting and help to make the pricing competitive. 

 

Reflecting Professional Approach: Business enterprise of the prospective bidders should be professionally run. Enterprises having proven track records of timely delivery of the products and services sought in the tender are preferred. Another qualifying aspect is having successful records of previous similar projects executed with good results. Highlighting past successful performances is necessary and testimonials by happy clients could be included making the tender response highly professional in nature. 

 

Looking Impressive Throughout: Most important part of the bid is to look impressive throughout so that assessors of SECL tenders gain confidence on the capability of the proposer. Bidders business should contain all three elements like policies, procedures, insurance as well as the questions and answers systems in place. To further impress the assessors, brief descriptions about how working with the bidder’s enterprise could benefit SECL will go a long way in winning the bid. 

 

Prospective bidder should never forget to drive home the point of differences that the enterprise has in comparison to the competitors. It should simply indicate what the prospective bidder can offer over and above its rivals for SECL tenders floated. 

Click here to know more about Free, latest information on Auctions in India

 

UPS Tenders

UPS is not like the traditional auxiliary or emergency power sources. It is also not a standby generator, but it provides instant protection from input power interruptions that could result in valuable data loss due to sudden stoppage of computer. Usually the power supply is from stored batteries and helps to properly shut down the machine to which they are attached. Most of the government offices, public sector enterprises, commercial organizations, and financial institutions are using information technology extensively. Naturally the use of computers being huge the demands for good quality UPS is also very high.

Unless the bidder has the knowledge about currently live e-tenders in the market there will be little chance of success for him or her. One of the best ways could be searching on the Internet for such live UPS tenders. While one can search the website of the requisitioning organization for details, it may not serve the purpose of remaining abreast of all the opportunities currently available. Instead, visiting some informative and reliable websites like IndiaMART where tendering information is available would be a true solution for the bidder.

More than anything else, it is the quality of the products and reliability of the bidder that would count in making the bid successful for UPS tenders. Bidder will have to ensure that the specifications of the product match well with the requirements expressed by the tender floater. At the same time it is to be kept in mind that the buyer would give weightage to the reputation of the bidding firm in the market. Therefore having an eye on the market reputation of the firm is necessary for the bidder, if he or she expects to succeed in the tendering process for UPS tenders.

                Bottom line of all these is that it is not enough to bid low and hope high as it is quality and reliability that counts at the end of it. 

 

 

Click here to know more Free Online tender

Border Road organization Tender

Roads play a crucial role in the development of the nation. Every one of us is aware of the fact that how vital the roads are for the devolvement context. Not only better roads ensure faster and safer transportation they also lead to the development, as better transportation mean better business opportunities.

Border Road Organization Tender

       Over the periods of time Border Road Organization is serving country by taking care of construction and maintenance of the roads covering the border area of the country. These roads are very important in terms of national security and business purposes.

Border Road Organization

This organization was formed way back in the year 1960. Ever since its inception the organization is providing exceptional service to the nation and people living in the border areas. The organization is involved in connecting the remote area of the border. 

 

One of the prime responsibilities of the organization is to keep the border areas connected with the nation. Border roads are the main transporting medium for the army, as these roads facilitate the vital supplies to the army personnel serving the nation at borders. It is through these roads supply like food and other important things are made to security forces.

The organization has a pool of military engineers deft in working in adverse conditions. Taking care of roads at border area is different from maintaining the roads at other parts of the country as some of the border areas of country have difficult climatic condition. It takes sheer guts to make way through the hard rocks, maintaining roads through the ice cover and maintaining roads which are flood prone.

The exceptional work of the organization can easily be seen in the border areas like Leh and Ladakh where the climatic conditions are very extreme. It is a real challenge to keep the line of road transport open throughout the year. The height of these places also poses great challenges to the engineers carving out paths and maintaining roads in these areas. The organization is serving the nation in great deal by making way through these snow clad parts of the country.

One of the exceptional works of this organization is the construction Rohtang Tunnel, due to difficult climatic conditions which sees heavy snow fall and freezing temperature; it is very difficult to maintain the road transport throughout the year. It really takes guts to work out in these testing conditions.

Since the major work of the organization is construction related, hence it regularly floats tenders for various material requirements and services. Border Road Organization tenders can be a huge business opportunities. To spot these opportunities access Border Road Organization tenders at Indiamart. Indiamart provider online information of Border Road Organization tender for absolutely free.

Click here to know more about free online tenders

Business with Tenders

Tenders and procurement notices have become an important part of the business. For any business to do well the knowledge of your client requirements is very necessary. The success of business depends on the factor how well you serve to your clients.

Tenders are the business documents that carry important information about any business project, goods and service requirements. Tenders help people to grow their business. One of the most important things that tenders allow you to do is that you can make planned and systematic approach to any business project.

Business with Tenders

Most of the organizations and business firms prefer to do business through tenders. Any buyer who is requiring any goods or service can float tenders. Buyers mention their requirements and expectation in floated tenders this information help bidders to bid for the tenders which suit to their specialty and expertise.

Tenders are of various types; tenders and procurements notice floated by government are called public tenders. Tenders and procurement notices are open invitation for suppliers and service providers for any business contract. Tenders encourage open and fair competition for the business purpose and also help the buyer to pick the best proposal. Tender help you to keep your budget for any specific contract.

Tender news can easily be seen in news papers. To make a fair and open competition tenders are also published in news papers. Especially public tenders are published in news paper for the sake of maintaining transparency.


Types of Tenders
There are various types of tenders depending upon the nature and method of invitation they follow. Some the tenders are:-


Open Tenders
Open tender is a kind of tender that is open for all. Anyone can participate for bidding in such tenders. They just need to qualify the minimum requirement for bidding.


Closed Tenders
These tenders are not open for all only specifically selected bidders can participate in these types of tenders.


Single Tenders
Single tenders are those tender in which only one single bidder is invited and main focus is given on the cost for the project as they negotiate for the price.

Apart from these we also Verbal Tenders, Competitive Dialogue, Request for Proposal, Envelope Bidding and Multiple envelope bidding etc.

Since tenders are such an important document for your business success they are required to prepared with extra care. It is always better to seek for the help of professional tender writer. A professional tender writer help you get the best tender designed for your needs.

A successful tender document should be neat, clean and comprehensive. The information should be easily understandable so the bidders can have good idea of the requirements and special instruction for goods or services required.

A good tender document gives the user complete details about the contract with minimal of effort. It should be written in a manner that one can easily grasp all the necessary information related to project with very little effort. Easy and comprehensive tenders create maximum impact on the readers mind and it multiplies your chances for business success.