Banking

Banking plays a very important role in any economy. The Banking Sector in India has witnessed many changes from the nationalization of the banks in late sixties to their striving to be in business, in the post liberalized era, in face of the competition from foreign banks. The recommendations of the Narasimham Committee on Banking Reforms, which have been accepted by the government, are being implemented in phased manner to increase the measure of their competitive efficiency and to make them globally competitive. The fiscal reforms and the IT wave have vastly improved the existing services and introduced many new facilities in the country like tele-banking, credit cards, electronic clearance etc for the first time. In most metropolitan banks, computers are replacing unwieldy ledgers, and more and more banks are offering facilities like Internet banking.

Apart from regular banking operation, termed as ‘house-keeping’, commercial banks are now diversifying and giving thrust to areas like corporate banking, merchant banking, investment banking and treasury and forex functions. Besides growing income, economic liberalization, has resulted in increased volumes of international trade, and these factors together have given impetus to the demand for better banking facilities which are at par with international standards. There is thus an increasing demand for professionals in the banking sector. A career in banking sector therefore holds great promise for those with the right qualifications and its no wonder that a job with a foreign bank is highly coveted by students from top management institutes.

In India Reserve Bank of India is at the apex of the banking structure. It plays the role of a regulator and monitors the functioning of commercial banks. Along with Ministry of Finance it lays down the broad parameters of the country’s monetary policy. It also issues guidelines and procedural instructions to all financial institutions and banks. Functioning of the Reserve Bank of India is therefore totally different. The remaining are mainly commercial banks, which function on more or less on the same line. There are banks specialising in a particular area like the Exim Band and NABARD. In addition to these there are financial institutions like ICICI, IDBI and IFCI that are related to the banking industry and those working in the banking sector may also have openings in such organisations.

Educational Qualification:

The Reserve Bank Services Board conducts an examination on the all India basis for recruitment of class I Officers. Graduate/ postgraduates/CA’s/MBA’s in the 21-26 year age group are eligible to take the examination.

Central Recruitment Board (SBI) and the Banking Services Recruitment Board (BSRB) recruit Probationary Officers for State Bank of India, and its associate banks, and other nationalized banks respectively, through competitive exam comprising of written test followed by an interview. Graduates in any discipline can take these exams. The upper age limit is 28 for SBI and 26 for other nationalized banks.

Private Banks and Foreign Banks advertise their posts in leading newspapers. However in management cadres, positions are largely filled through campus recruitment at management institutions. Freshers are taken as trainees for a period of six months to one year and thereafter confirmed as Assistant Managers.

Professionals from streams like law, engineering, agriculture also have opening in the management cadre of various banks.  Lawyers in banks advise on laws and regulations affecting the operations of the institution. Engineers work with industries and businesses on behalf of the bank. Computer Professionals are also in great demand for planning, programming and maintaining computers and other electronic equipments. Candidates, with a background in agriculture science, are recruited in the area of agri-banking. Postgraduates and doctorates in Economics can find direct recruitment as grade ‘B’ or ‘A’ officer in RBI.

 

 

Ads
Ads

15 thoughts on “Banking

  1. I completed my Graduation in 2012, nw i want to make ma career in Banking, Can u plz suggest me abt how do i proceed??

  2. Excellent goods from you, man. I’ve understand your stuff previous to and you are just too excellent. I really like what you’ve acquired here, really like what you’re stating and the way in which you say it. You make it entertaining and you still care for to keep it smart. I can’t wait to read far more from you. This is actually a wonderful site.

  3. Full Disclosure began in April 2012 when San Francisco comedian Eric Barry bought a mixer and some microphones, and launched the Full Disclosure sex podcast out of his bedroom, a series of intensely revealing interviews with adult performers, sexologists, celebrities, and others in the entertainment industry.

  4. Excellent blog here! Also your web site loads up very fast! What host are you using? Can I get your affiliate link to your host? I wish my web site loaded up as quickly as yours lol

  5. Thanks for this exceptional article. One other thing is that lots of digital cameras come equipped with the zoom lens that enables much more or less of your scene to get included by means of ‘zooming’ in and out. All these changes in concentration length are generally reflected even though in the viewfinder and on significant display screen right at the back of the specific camera.

  6. A domain name name, or Internet address, is an deal with where it truly is straightforward to be observed online. It’s how you’ll communicate yourself by indicates of e-mail or your site and it’s which buyers assume of once attempting to discover you.

  7. When I originally commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get four emails with the same comment. Is there any way you can remove people from that service? Thanks!

  8. Hi there! This blog post couldn’t be written much better! Going through this article reminds me of my previous roommate! He constantly kept talking about this. I will forward this post to him. Fairly certain he’s going to have a great read. Thank you for sharing!

  9. An intriguing discussion is worth comment. I believe that you should publish more about this issue, it might not be a taboo matter but usually people don’t discuss such subjects. To the next! Best wishes!!

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>