Career in Banking

Hi I would like to know the various aspects which an individual should have a look at before making up his mind to make a career in banking Sector?

[Shaleen]

The various aspects which an individual should have a look at before making up his mind to make a career in banking Sector are explained below:

Extent of looking for a vocation in banking area

Saving money is a standout amongst the most lucrative vocation choices for individuals searching for a vocation in government area. Under money related consideration strategy, it is try of the Government of India to take saving money to remotest spots in India, thus, banks are opening new branches in all parts of the nation covering urban areas, towns and towns.

Assess their suitability for a vocation in Banking area

There is no particular instructive prerequisite from Bank's side. A graduation degree in any control is adequate to take an interest in the enlistment process. The determination process incorporates composed fitness test (Quantitative Aptitude, Reasoning Ability, English, General Awareness and essential PC Knowledge) and meeting.

Level of rivalry in the segment for various levels of accessible openings for work

Rivalry is truly extreme these days. There are two primary purposes behind this. Initially is the lack of occupations all in all in India, and also, Government employments are much popular because of vulnerability and work presser in Private division employments.

applicant rationally set himself up/herself for a profession in managing an account division

A profession in keeping money is trying and additionally compensating. At the point when a hopeful joins a PSU Bank, he/she experiences a broad preparing, which incorporates modules on Forex, Equity, Investment, Credit, Operations and so forth. This learning opens numerous entryways of chances in future and gives an applicant various boulevards for development.

proposals and counsel to those competitors why should searching get ready for managing an account employments and construct a vocation in saving money area

managing an account segment in a decent profession alternative and that is the reason the opposition for a bank occupation is additionally extreme. Be that as it may, in the event that you buckle down and with the right approach and technique, you can without much of a stretch split the exam. Best part is – there are numerous exams for bank employments in year four exams directed by IBPS, two by SBI, two by RBI et cetera.

Career progression for Officers in Banking Sector
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

Public Sector Banks in India
Punjab National Bank
Bank of Baroda
Bank of India
Canara Bank
Allahabad Bank
Andhra Bank
Bank of Maharashtra
Central Bank of India
Corporation Bank
Dena Bank
Indian Bank
Indian Overseas Bank