Friday 24 July 2015

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Career Opportunities In The Banking Sector

Career Opportunities In The Banking Sector

If you are good at Maths and English and want to make a career in the banking sector, then this is the right time to make a move. Most government and private banks in India are currently recruiting or plan to do so in the near future. Banks have also been expanding their branch and ATM network in a big way due to which they need trained human resources on a large scale. In the last few decades, the banking industry has experienced fundamental changes. The example of Hemamalini Venkatraman is an interesting case in point. After completing her graduation with a gold medal in the 1980s from a very famous college of an average Indian town, she was asked by the media if she wanted to become an IAS officer or try some other field. She remarked that she wanted to become a Probationary officer(PO) in a bank. Not only her parents but even her school teachers as well as the media were stunned at her answer that insted of attempting to qualify for an IAS exam, such an intelligent girl wanted to become an officer in a bank.
Such reactions were quite obvious at that time because civil services then had around one thousand vacancies a year whereas bank barely had 40 to 80 vacancies. If any bank ever advertised for over 100 vacancies, it used to be a huge sensation. But now the scenario has changed and a large number of vacancies are advertised. Now is the time for those who want to opt for career in banking.

Growing Opportunities:

The nature of expansion of the banking sectors is such that new branches are being opened in villages and thus well trained personnel are the need of the hour.The suburban areas in almost all cities are also expanding with new colonies growing at a fast pace. No sooner does a new colony comes in, a bank branch is needed instantly. Once a bank makes a debut, the rest follow suit. The changing nature of services offered by banks. Earliear government and private sectors banks used to provide services pertaining to deposit and remittance of money, loans and debt. But now banks are also selling insurance policies and offering services in the financial sectors such as mutual funds and strategic investment plans. With this, the range of services has increased, and so has opportunity for employment.

List Of Banks in India

  • 1 Public-sector- bank
  • 2 Private-sector banks
  • 3 Foreign banks
    • 3.1 Foreign banks having branches in India
    • 3.2 Foreign banks with representative offices in India
  • 4 Regional Rural Banks (RRBs)
  • 5 Cooperative banks
    • 5.1 State Cooperative Banks (SCBs)
    • 5.2 Urban Cooperative Banks (UCBs)
    •  1 Public-sector- bank

    • State Bank and its associate
      1.   State Bank of India
      2.   State Bank of Bikaner & Jaipur
      3.   State Bank of Hyderabad
      4.   State Bank of Patiala
      5.   State Bank of Mysore
      6.   State Bank of Travancore 
      Nationalised banks
      1.   Allahabad Bank
      2.   Andhra Bank
      3.   Bank of Baroda
      4.   Bank of India
      5.   Bank of Maharashtra
      6.   Canara Bank
      7.   Central Bank of India
      8.   Corporation Bank
      9.   Dena Bank
      10. Indian Bank
      11. Indian Overseas Bank
      12. Oriental Bank of Commerce
      13. Punjab & Sind Bank
      14. Punjab National Bank
      15. Syndicate Bank
      16. UCO Bank
      17. Union Bank of India
      18. United Bank of India
      19. Vijaya Bank 
      Other public sector bank
            1.Bharatiya Mahila Bank
      2.IDBI Bank
      3.Post Bank of India (proposed) 

      The Process of bank Recruitment

      There is a common written test for the recruitment which is conducted by the
      Institute of Banking Personnel selection(IBPS). This test is being conducted twice
      in a year for recruitment in 19 government banks. The state bank of India with
      its constituent banks conducts its own test separately. Now after appearing in
      one test they will be eligible to seek employment at several banks. For the
      government banks, including the regional ones, IBPS holds a joint online
      examination followed by interview. 
      If you want to apply for IBPS click on the below link given.  

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