Career In Banking Sector In India
Banking is considered one of the mostly preferred career prospects in the field of commerce and accounts. 12th passed or Graduation/Engineering Degree holders may flourish their Career In Banking Sector In India.
Banking sector jobs are full of opportunities. You may enjoy various opportunities for high pay scale, growth within short period of time. Those passionate to build Career In Banking Sector In India After 12th/Graduation may read this article.
Career In Banking:
Job in banking is one of the most sought after career option. For getting banking jobs in government sector, you have to clarify CWE (Common Written Examination) followed by Interview.
To make your Career in Banking, you may apply for various posts like Clerk, Probationary Officer(PO) & others. To get more details about Career In Banking Sector In India, you may go through this page well designed by team of www.recruitmentinboxx.com
Career In Banking Sector In India
After privatization, there is a huge demand of young talent in banking. Students from different streams like Science, Arts and Commerce may flourish their career in banking. Good communication & negotiation skills are basically required for getting jobs in banking.
Perks of making Career In Banking Sector In India:
- Job security
- Provision of Home Posting (Home State)
- Special Incentives
- Annual Leave Fare Concession
- Staff Quarters
- Concessional rate of loans for staff
- Pension & medical benefits
Types of Banks in India
The banks in India can be categorized as following.
The main role of the commercial banks is to allow businesses and entrepreneurs with the financial services. Commercial banks are further categorized into the following.
- Private Sector Banks
- Public Sector Banks
- Regional Banks
Co-operative banks generally benefit the rural people like farmers, small scale industries etc. These are controlled and administered by the co-operative societies. These can be further categorized into
- State co-operative Banks
- Central co-operative Banks
- Primary Agriculture Credit societies
Investment Banks and specialized banks:
These provide financial help to its customers and provide essential support like foreign exchange, sales of equities, foreign trading etc.
Check Latest Openings For Freshers: Private Bank Jobs Openings
Career In Banking Sector In India After 12th:
Those who have passed 12th either in commerce or science stream may build their career in banking. One may also enroll for Probationary Officer and Clerk level/Junior Associate levels posts. For this, minimum qualification required is Graduation.
IBPS, private sector banks and public sector banks release various job openings for clerks, probationary officers, management trainees, specialist officer & other posts. You may apply for jobs in banking on the basis of your interest.
Check Out: Career Options in Commerce after 12th
Career In Banking Sector In India After Graduation/Engineering:
Those who possess graduation degree in relevant field may apply for jobs in banking. Common Written Exam is organized for appointing aspirants for Probationary Officer, Clerical & other posts.
List of Entrance Exams for Career in Banking:
Banking Entrance Examination is organized for appointing aspirants for clerk, probationary officers & others. Those who qualify written entrance exam are invited for next phase of selection i.e. Interview.
- IBPS Common Written Exam for Probationary Officer (IBPS PO)
- State Bank of India Probationary Officer (SBI PO)
- IBPS Common Written Exam for Clerical Recruitment for PSUs
- IDBI Bank Executive Exam
- RBI Exam
- RBI Assistant Exam
- NABARD AM Exam
- State Bank of India Clerical
- Common Written Exam for Regional Rural Banks
- Common Written Exam for Specialist Officer
Skills Required to be in Banking Sector:
Dealing with Customers:
In banks, the major role is to deal with customers. Those having skills to deal with people may apply for Jobs in Banking.
People With Patience:
Those having patience while dealing with customers are welcomed in banking. Sometimes, clerk also faces customers who are slow in adapting to technological changes. So, there is a need of more patience while dealing with them.
Good Analytical Skills:
One may apply for jobs like economic analysts if having interest in analytics. So, those who possess good analytical skills may apply for Career In Banking Sector In India.
Check Out Pay Scale Here: Bank Salary Structure
Career Progression of Officers in Banking:
- Junior Management Grade – Scale I: Officer
- Middle Management Grade – Scale II: Manager
- Middle Management Grade – Scale III: Senior Manager
- Senior Management Grade – Scale IV: Chief Manager
- Senior Management Grade Scale V: Assistant General Manager
- Top Management Grade Scale VI: Deputy General Manager
- Top Management Grade Scale VII: General Manager
GST (Goods & Services Tax):
Goods & Services Tax is an indirect tax levied on goods and services. This tax passed in the Parliament on 29th March 2017 while Goods and Service Tax Act came into effect on 1st July 2017.
Under Goods & Services Tax, tax will be levied at every point of sale. GST will remove cascading effect on the sale of goods and services.
Prime Minister of India, Narendra Modi announced the demonetization of all Rs.500 and Rs. 1,000. The main purpose of demonetization is to curtail the black money. It acts as a greatest financial reform to remove corruption from country.
Those desirous to build Career In Banking Sector In India may check all details as listed on this page. Students with different specializations like Science, Arts and Commerce may grab latest jobs in banking.
Check Out: Jobs Which Are For Commerce Students Only
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