Learning Resource Centre (Library) @ Kendriya Vidyalaya, Madurai

Icon

Any Time Any Where Information 4U

BANKING

Education in India : Banking

Click here to get information on institutes offering banking industry programs

Looking for a Career Option in the Field of Banking ? This section features Banking as a career option, elaborated with reference to the job profile, personality traits required, the courses and training involved, premier institutions and future prospects.

Banking has emerged as one of the most challenging sectors in the country. Openings are available at various levels, from Bank Clerical to Probationary Officers (PO). There is great job security and the salary is very good, besides the perquisites of loans for employees. It is a lucrative career: till recently careers existed only in nationalised banks, but with liberalisation, a host of private banks have been set up. As a result, demand for trained professionals has increased substantially. The private banks offer better salaries but then the job security is also less.

Personality Traits    
 

 
A clear logical mind, alertness, ability to take initiative, friendliness, assertiveness, diplomacy, capacity to motivate team members, efficiency, sincerity, drive, tact, sound knowledge of the banking system with up-to-date knowledge of recent developments, adaptability, dynamism and result-oriented outlook.

The person should have a mathematical aptitude. Employees joining as officers should be able to lead, motivate and manage the bank staff. Good verbal and written communication skills help in effective interaction with the clients as well as the staff. Integrity and honesty play a major role in all dealings related to money, staff and clients. A person responsible for foreign exchange transactions needs to have a sharp, quick and analytical mind.

Entry Process    
 

 
Selection procedure for RBI

The Reserve Bank of India is the topmost financial institution in India which makes all the policies and regulations for the other banks. It conducts tests for three types of entry level positions:

  1. Clerical grade
  2. Grade A officers
  3. Grade B officers

The entry point for clerical staff is in the cash department as examiners of coins and notes. They are promoted to the next grade when they successfully clear the relevant examinations after 5-10 years of service.

There is an All India Exam conducted for class I posts. Graduates, Post Graduates, CA’s, MBA’s in the 21-26 years of age group are eligible. The candidates are tested in logical reasoning, mental ability, numerical aptitude and general English.

The examination is in parts.

  1. Paper I is a written test comprising of General Mental Ability (Objective type).
  2. Paper II is a subjective one which has English Essays/Comprehension/Precise writing etc. Paper III is on Economics and Social problems.

Selected candidates are shortlisted for an interview which forms the basis for the final selection.

Selection procedure for other Nationalised Banks

Recruitment for the public sector banks is done through the Banking Service Recruitment Boards (BSRBs). The advertisements for recruitment appear in newspapers as well as the Employment News. Recruitment is done on the basis of a written test, which consists of:

  1. Test of Reasoning
  2. Quantitative Aptitude
  3. General Awareness
  4. English Language
  5. Descriptive Test

The test is qualifying in nature and the marks obtained are not added in the final merit list. Except for the descriptive portion, all other sections contain objective-type questions. In Reasoning, there is verbal and non-verbal sections. In English, the test is aimed at judging the overall comprehension and understanding of the language. The descriptive paper can be answered in English or Hindi. It judges the written expression of the candidates. All sections must be qualified.

Foreign banks pick up their personnel management institutes, from interviews held in the premier management institutes, from among finance professionals such as Chartered Accountants, Cost and Works Accountants and Chartered Financials Analysts and also from the fold of experienced personnel of the apex financial institutions and public sector commercial banks. Private banks recruit Officer Trainees from amongst first class graduates, Management Trainees from amongst MBAs, and also recruit experienced personnel from the banking sector for middle and higher management positions.

One can do a specialised course in banking from a number of universities offering such courses. The eligibility criteria is different for different courses and candidates are advised to check these out directly from the universities concerned.

Institutions    
 

 
Please click here for the list of the Banking Institutes in India.

Placements And Prospects    
 

 
As banking is a growing industry, the job prospects are good. In nationalised banks, one can expect regular promotions while in private banks it is performance that is rewarded. Promotions may be swift for deserving candidates. But it is not necessary to be a banking professional only to get into banks. As financial services are getting automated, the industry requires a large number of computer experts, both in computer maintenance and software. Private computer service contractors are also in great demand. It would be important to have a BE or MCA degree for such jobs.

Foreign banks and private banks mostly operate through branches in the metropolitan cities. Promotions are linked to a highly motivated, result-oriented and dynamic approach.

One reason to be excited about banking as a career is the rapid change taking place. Not only is there fresh competition, but technology promises to change the face of banking forever. The jobs are becoming comfortable, in the sense that the physical environment is pleasing and computerisation has taken the load off tedious jobs such as balancing accounts. As competition increases, a good banker will certainly be in great demand.

In the overall analysis, banking offers great scope for initiative and public service. Direct contact with people in the discharge of their duties helps bankers to keep their fingers on the pulse of the public. By their sincerity and efficiency they are able to win respect and standing in society.

Filed under: BANKING, Career Information, ,

Creative New Year 2014

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 568 other followers

Happy New Year 2014

National Book Week, 14-20, Nov.2013

Happy Book Week , My dear Readers !!! Expand your horizon of knoweledge via books........all through.......always....all ways

National Book Week, Nov.14-20, 2013

National Book Week, 2013

Read this Blog in Hindi

Read this Blog in Tamil

National Book Day upto

World Book DayNovember 20th, 2013
Let this World Book Week bring more goodness in our library use habits !!!

New Arrivals

Del.icio.us Bookmarks

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 568 other followers

RSS NDTV India News

  • An error has occurred; the feed is probably down. Try again later.

RSS Cricketnext

RSS Blog for Scouts & Guides

  • Amendments made on 30/11/2014 – Guide Section
    Amendments made on 30/11/2014 – Guide Section Please click the following link to get amendments made in APRO III Guide section on 30/11/2014. APRO Part III – Guide SectionFiled under: AMENDMENTS Tagged: AMENDMENTS, APRO, guide section
  • Amendments made on 30/11/2014 – Scout Section
    Amendments made on 30/11/2014 – Scout Section Please click the following link to get the amendments made in APRO Part II – for scouts APRO Part II – Scout SectionFiled under: AMENDMENTS Tagged: AMENDMENTS, APRO, SCOUT SECTION
  • E-Books on Compass
    Two books on Compass 1) js_s_map-and-compass 2) mapcompassFiled under: 97.E-BOOKS ON SCOUTING, COMPASS Tagged: COMPASS, MAPPING, scout quiz
  • Scout Quizzzzzzzzzzzzz
    BADEN POWELL AND SCOUTING 1. Who is the founder of Scouting / Guiding? Lord Baden Powell of Gilwell. 2. Where was Baden-Powell born? When? In Gilwell, on Feb 22, 1857. 3. What the full name B.P? Robert Stephenson Smyth Baden-Powell. 4. Who was B.P’s mother? Daughter of the British Admiral W. T. Sonyth. 5. Who […]
  • Scout Quiz Questions 4 U
    Some Scout Quiz Questions to Ponder………. I Set 1. What was Baden-Powell’s Christian name? Robert Richard Rupert 2. In which year was B-P born? 1847 1857 1927 3. What was the name of the town in South Africa BP saved whilst in the Army? Mafeking Mafeprince Mafequeen 4. On his return to England, BP wrote […]