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Banking Career In India: An Insight
By Rajnish Mehan
The Indian banking industry saw its modest beginning after India’s independence in 1947, that’s when the vacancies in various bank jobs were witnessed. Since then, there’s been no looking back as far as the careers in banking industry are concerned. Banking Career in India- The Scope There are various posts at which a person can join in the banking industry. Be it public sector, or private jobs, banking is an immerse pool full of career prospects for clerks, officials, marketing and management people. Private Banks and Public Sector: In India, the banking industry has been diversified into public sector (lead by the Government of India) and private sector (run by various national and multi-national banking giants). Employment procedure to grab these two different kinds of jobs is utterly different. Private bank jobs are readily available for people from the marketing sphere as long as they hold a command over English and regional language, commendable communication skills and los of personal s well as professional contacts. The job is restricted to opening more and more bank accounts in there branch and meeting the monthly targets set by their team leaders. In the clerical sphere, there are again lots of jobs available for clerks, tellers, cashiers. The job demands a lot of paper work, attending to the customers, and ensuring smooth operation. The marketing jobs in banks demand a lot of travelling as the employee needs to go and meet the prospective clients in person to motivate them to open the account with their respective bank. Bank jobs in the Public Sector however, is an all together a different story. Apart from clearing the standard banking exam known as IBPS, the candidate also needs to hold a computer certificate which is compulsory for the clerical jobs. All the banks have completely shifting to the core banking solution, which makes it very important for the employees to be proficient at using computer systems and electronic security devices used in all major banks. Probation and Bonds: In India, once you clear the banking exam, interview and vigorous group discussions round, the employers either keep the candidates on probation period for 6 months, 2 years or 5 years term, or they need to sign a bond with them. Once the bond is signed, the employee cannot leave the job for a specified time frame. In case, the employee resigned from the job, he is liable to pay a certain amount back to the employer. The same condition applies in the opposite condition as well. The employee cannot terminate the job of an employee within the specified time frame. In case, the employee is forced the leave the job, he has to be given a prior notice and a few months salary. Eligibility for Banking Careers: In Indian public sector, a candidate is eligible to apply for a bank job if he holds a bachelors degree with minimum 55% aggregate marks. Even if the candidate is post graduation degree holder, even then, only his graduation aggregate marks are considered. Banking Careers in India have a long way to go. There are oodles of aspiring candidates who are preparing for IBPS banking exam every year.
EntranceExamResults.co.in is an entrance exams site where one can search for various entrance examinations in India and abroad. Explore Bank PO Exam Coaching Institutes, Bank PO Preparation and much more.
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PLEASE VISIT THE CONTRIBUTOR'S WEBSITE
Bank Exams
Bank Exams in India
www.entranceexamresults.co.in/Bank-PO-Exam.aspx
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 | | Grace liked this intel. Jan 29, 2012 |  | | AmberLee liked this intel. Jan 29, 2012 |  | | odls appreciated this intel. Jan 29, 2012 |  | | R Foreman liked this intel. Jan 30, 2012 |
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