India is one of the fastest growing markets in the world with growth rate of 8-10% each year. Now we can see that banks are in house loans, unsecured loans, mutual fund, credit card business and forex activities. As a result of hold of RBI on all financial institutions, banks in India such as both public and private sector banks are not only highly lucrative but also very stable.
These factors also have resulted in massive equilibrium in bank jobs in addition to high need for banking professionals. Banks look for professionals having good communication skills, project assessing abilities, loan portfolio management ability together with good computer literacy. Public sector banks conduct recruiting drives in the form of written test and interviews at all India level. When you have a look at some of the advertisement of any Nationalized Bank recruitment drive, you can see that there are chances for even 12th pass students with some computer knowledge at clerical level. Also you will find overall banking (Probationary Officers) articles for any graduates and distinctive management posts within the field of Information Technology, law and finance clinics and Marketing executive jobs rather for MBA in Marketing. Even if someone joins at junior level (clerical) post he can reach senior positions with expertise and enhancement in instructional qualification. Public sector banks pay around Rs.6000/ – to Rs.8000/- a month as base salary at junior level and Rs.25,000/- to Rs.30,000/- at senior level.
Earlier Banks utilized to impart training to aspiring professionals via an institution named National School of Banking. It used to prepare students for National degree banks exams. You can go to ibps.in for further particulars. Also sites like bankbpo.in will help in preparing for exams as well as interviews. Solved question papers of previous exams and interview queries posted by senior applicants themselves are very helpful in successfully handling the recruitment process.
Banking examinations in India normally comprises of newspapers on – 1). Reasoning Ability, two. Arithmetic and Numeric tests , 3. General Knowledge and 4. English Knowledge. Apart from these common papers, depending on the nature of the project, further papers on computer knowledge, finance and law can be contained. Crucial factor in achievement these examinations is time direction. It is necessary to evenly split your time to all the topics and not to waste time in reading questions as in conventional examination papers. Speedy decision-making is just one of the key variables and an applicant needs to instantly decide on whether to try a question and should also solve the questions really fast without spending too much time on a certain question. Students scoring equally high in all subjects are brief listed on merit basis.
So, the livelihood prospects in banking sector in India are stable as well as rewarding and each candidate needs to be well ready to the recruiting examinations for bank tasks.