Banking Careers in India

In the era of Technology Bank jobs are considered more prestigious than any other. Following IT, the second highest contribution has come from the banking and insurance. Various factors such as Financial Inclusion, opening of bank new branches, huge retirements in next few years and different types of services under one roof and license for new banks have driven the industry to offer more and more jobs.

“According to The Associated Chambers of Commerce and Industry of India (ASSOCHAM) prediction, banking sector of India will provide 8 lakh jobs in upcoming six years.” To deliver all financial services at affordable costs to the needy banks are supposed to work collectively without incurring a loss. For this public and private sector banks are opening their new bank branches in small towns and even in rural and remote areas. Apart from this, there are huge retirements (around 1.5 lakhs) in next few years. Besides primary banking services nowadays banks perform all financial functions like Insurance, Foreign exchange, Trading, Mutual Funds, General Utility Functions, trusteeship etc.  Another scenario that creates more jobs in the banking industry is ‘setting up of new payment banks’ soon. Reserve Bank of India already issued a license to as many as 11 new payment banks. Those payment banks are needed to recruit enough human resources to enter into the game. To fill up these gaps and serve the customers better is not a simple thing. It all needs to have the efficient man power. Thus, banks are recruiting more skilled man power through various recruitment exams.  It is one side of the coin and the other is belief and desire of rivals towards bank jobs is much important than the above. Good salary along with status, job security, stable career growth, additional emoluments such as conveyance allowance, communication allowance, medical benefit, LFC/HTC, loans at concessional rates etc. are driving aspirants to compete for bank jobs. Even those who are working in other fields are looking to enter the banking sector.  It is fine to come to know A to Z of the banking sector career and recruitments. But accomplishing the goal is not a bed of roses. It should be done under proper guidance and strategy with hard work. First of all, you need to know the recruitment examination trend in banking over the years. Different types of exams are there which you need to attempt and clear to enter into a bank. Analysis of the exam pattern and previous exams papers is crucial to crack a nut (bank job). For this, reliable and genuine preparation material is mandatory. Numerous exercises and model tests speed up your ability even to answer the difficult questions within seconds. Different shortcut methods and techniques let you answer easily and quickly.  The following questions listed below will clear your uncertainty about banking and insurance sector careers.  What is the trend in banking sector recruitment over the years?  How many types of bank jobs are there?  In what position that one can enter into a bank?  What are the Institutions/organizations that recruit employees for various positions?  When will the Notifications be released?  Who can appear for various bank exams?  What is the minimum and maximum age to apply for a bank job?  What would be the syllabi for various Banks Exams?  What is the scheme of examination for different types of Exams?  Where can one get the good strategy for aggressive preparation?  What would be the best ever Material for written test?  What are the cut-off marks for those exams?  How to write an online examination without failing?  What would the candidate be asked in a bank exam interview?  What is the career graph in banking industry?  What attractive annual package that banks offer?  The answers to the above questions can be availed by following the bank exams' special web portal.

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Published on 10/13/2015 4:20:00 PM

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