Last Update: 03-06-2020

Career in Banking Industry

The Banking sector is the section of the economy devoted to the holding of financial assets for others, investing those financial assets as leverage to create more wealth and the regulation of those activities by government agencies.

The Bank Jobs 2018 in India most challenging task in all kind of job opportunity. Every year a huge number of candidates applied for Bank Recruitment and take participation in the examination. There are lots of authority which conducted the competitive examination such IBPS (Institute of Banking Personnel Selection), SBI (State Bank of India), RBI (Reserve Bank of India) to provides the Bank Job Opportunity.

In the next five years, banks will have to recruit almost 7.5 lakh people. Now, banks have diversified their activities and getting into new products and services that include opportunities in credit cards, consumer finance, wealth management, life and general insurance, investment banking, mutual funds, pension fund regulation, stock broking services, custodian services and private equity etc. Further, most of the leading Indian banks are going global, setting up offices in foreign countries themselves or through their subsidiaries.

The expansion of the banking sector and its convergence with the other financial sectors such as insurance, NBFCs and Capital markets, retirement of the existing employees and financial inclusion have created more number of opportunities in the banking sector.

Infrastructure, Risk Management, Banking and Financial Services, Management Information Systems and Customer Relations Management are a few areas where specialization is expected.

In India the entry level positions in banking industry is/are:

    • Officer:
      1. Probationary Officers(PO)/ Management Trainee(MT) in SBI and PSBs
      2. Officer Scale I in Regional Rural Banks
      3. Grade A and B Officer in RBI
      4. Manager, Assistant Manager, Territory Officer in IPPB

    • Clerk:
      1. Clerk/ Junior Associates in SBI and PSBs
      2. Office Assistant in Regional Rural Banks

  • Specialist Officers (SO) in SBI/ PSBs
    1. I.T. Officer
    2. Agricultural Field Officer
    3. Rajbhasha Adhikari
    4. Law Officer
    5. HR/Personnel Officer
    6. Marketing Officer

Major Recruiters

The major recruiters are SBI and Nationalized Banks. Nationalized banks include Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Corporation Bank, Dena Bank, Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, Syndicate Bank, UCO Bank, United Bank of India, Union Bank of India and Vijaya Bank. There are total 19 banks across the country.

The Central Bank - RBI, is also among the major recruiters.

Recruitment Process

    • IBPS conducts recruitment process for:
      1. Probationary Officers(PO) in Nationalized Banks
      2. Clerk in Nationalized Banks
      3. Officer in Regional Rural Banks
      4. Office Assistant in Regional Rural Banks
      5. Specialist Officers(SO) in Nationalized Banks

    • SBI conducts recruitment process for:
      1. Probationary Officers(PO) in SBI
      2. Junior Associates in SBI
      3. Specialist Officers(SO) in SBI

    • RBI conducts recruitment process for:
      1. Grade A Officer in RBI
      2. Grade B Officer in RBI

  • IPPB conducts recruitment process for:
    1. Manager in IPPB
    2. Assistant Manager in IPPB
    3. Territory Officer in IPPB