Career Opportunities in Banking sector

Benefits of Bank Jobs- Take a Look Here!

As there are many fields you can choose as your career, among them one of the lucrative options is Career in Banking Sector. Banking is among one of the sectors which offer amazing career opportunities for fresher’s when compared to other jobs. The type of career that it offers is that of a secured profession with all kind of benefits. With the expansion of banking activities towards the rural and other suburban areas, the demand for Bank jobs has been on a high.

In a country which is inclined towards Government sector jobs much more than the private sector, the reason is not difficult to understand.Bank jobs are not just a matter of having a social status but it also provides security and promotional growth to an employee. Indian Banking system is very strong and one of the finest and fastest growing sectors in the country. This growth has brought many opportunities for all the aspirants who wish to see themselves as a banker. Here, following are some benefits of having a job in the Indian Banks.

Security – Job security is one of the benefits that come with this role. This position includes fixed working hours in an established corporate environment. The retention ratio in this industry is highest when compared with other sectors.

Salary – A good job equals to a good salary. Bank job not just provides security but also offers great salary packages at entry level.

Growth opportunities and Promotions – Growth opportunities in bank jobs are immense as compared to other sectors. If you are capable enough you can reach higher levels with timely promotions.

Work-balance– Bank jobs have more number of holidays than you would expect in any private organization. This means no festivals missed with the family. Hence, a bank job helps you to maintain an effective work-life balance.

Government Recruitment Exams & their Convener Bodies

Many exams are conducted by the IBPS, RBI & SBI to recruit candidates into many Government Banks for various posts. Some of them are

IBPS PO (Probationary Officer)

The probationary officer is one of the posts which any graduate prefers to opt. IBPS PO exam is conducted by the Institute for Banking Personnel Selection (IBPS) to select eligible candidates for the post of Probationary Officers (PO) in various Public-Sector banks.

IBPS Clerk

It is a white-collar job. A Clerk conducts general office tasks, or we can say a worker who performs similar sales-related tasks in a retail environment. The responsibilities of clerical workers commonly include record keeping, filing, staffing service counters, screening solicitors, and other administrative tasks.

IBPS SO (Specialist Officer)

IBPS SO of any bank is responsible for the smooth functioning of the department. The IBPS SO selects the candidates for the positions of IT Officer/HR/Agricultural Officer/Law Officer/Marketing Officer/Rajshabha Adhikari in the Indian Government Banks.

IBPS RRB (Regional Rural Bank)

IBPS also conducts exam to recruit candidates into various Rural Banks. This exam is conducted for many posts and the difficulty level of this exam is very high.

• Office Assistant
• Officers Scale I
• Officers Scale II (Agriculture Officer)
• Officers Scale II (Marketing Officer)
• Officers Scale II (Treasury Manager)
• Officers Scale II (Law Officer)
• Officers Scale II (Chartered Accountant)
• Officers Scale II (Information Technology Officer)
• Officers Scale II (General Banking Officer)
• Officers Scale III

SBI

State Bank of India (SBI) is an Indian Multinational, Public Sector banking and financial service company. It is a government-owned corporation. Almost every graduate who wants to join banking sector aspires to join this bank.

RBI

• The Reserve Bank of India is the India’s Central Banking Institution, which controls the monetary policy of the Indian Rupee.
• RBI conducts exam for various posts like RBI PO, RBI Assistant, RBI Grade B Officer etc. The difficulty level of this exam is very high.

Now, talking about the recruitment process in Private Sector Banks.

Some of the popular Private Banks in India are

• HDFC Bank
• ICICI Bank
• Axis Bank
• Federal Bank
• IndusInd Bank
• Catholic Syrian Bank
• Yes Bank
• Kotak Mahindra Bank
• Bandhan Bank
• Karur Vyas Limited Bank Recruitment

All the private banks which are mentioned above have their own selection procedure for the recruitment process. For details related to the recruitment process of these banks stay updated from the official website.

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