Bank Jobs in India: Sky is the Limit

India is among the top 10 economies globally. Major part of Indian economy is totally dependent on
Banking Sector; it means Banks are considered as the backbone of our countrys economy. Indian
Banking Sector is also knon as !ery strong economic unit around the orld and groing !ery fast. "o#
both public and pri!ate sector banks are playing !ital role in the groth of Indian economy.
$rom last se!eral years# tremendous changes ha!e been seen in Banking Sector by the facility of %&Ms#
Internet and mobile banking etc. &hese rapid groths ha!e made banking functions !ery smooth# both for
employees and customers.
History of Banking in India:
Banking in India has come into e'istence in the last decade of the 1(th century. &he first Indian bank as
the Bank of )industan, hich as established in 1**0 and located at +alcutta city under ,uropean
management system. %fter that in 1*(-# .eneral Bank of India as established.
%t that time +alcutta became banking center of India as it as the most acti!e trading port for the British
,mpire. &hree /residencies of banks !i0. Bank of +alcutta# Bank of Bombay and the Bank of Madras
ere also established under the charters from the British ,ast India +ompany. %fter merging together#
these three banks form the Imperial Bank of India in 1121 and at present it is knon as State Bank of
India. &he first /ublic sector bank came into e'istence in 1(-3 and named as %llahabad Bank.
In 1143# India5s central banking authority as established named as 6eser!e Bank of India# but it as
nationali0ed on 01 7anuary 1181 after independence.
Career Opportunities in Banking:
Banks in India are not only poerful and strong economical units but are also groing fast. &his groth
has brought plethora of carrier opportunities in banking sector. Bank jobs are one of the ell paid and also
secure the future. Banking personnel are also gets respect in the society. So it has become one of the
most popular carrier choices among the candidates.
Indian Banking Industries has total of 101(11 branches in India and 1*1 branches in foreign and has
appro'imate 11*3181 employees. %s soon as the de!elopment of ne branches in rural area# the
numbers of !acancies are released by the many banks time to time.
Be a part of the Indian Banks:
/ublic and pri!ate sector banks# time to time announce notification of the !acancies. Mostly go!ernment
banks ha!e no centrali0ed their recruitment process through IB/S 9Institute of Banking /ersonnel
Selection:.
,!ery year IB/S conducts common ritten e'aminations 9+;,: to recruit candidates for !arious
positions !i0. /robationary <fficers# Management &rainees# Specialist <fficers# <ffice %ssistants and
+lerks for both "ationali0ed and 6egional 6ural Banks 966Bs:. +entrali0ation of recruitment has made
easier for the candidates to take the e'amination because fe years back hen all the banks used to
conduct their on e'amination ere e'hausting the candidates and also incurring much cost in filling the
separate forms.
Successful=>ualified candidates ha!e to seek the bank ise cut off marks and apply for the same. Banks
calls the candidates for inter!ie and group discussion 9if applicable: and announces the results !ery
>uickly. &his system has also enhanced selection process.
Some other banks like State Bank of India and Industrial ?e!elopment Banks 9I?BI# SI?BI: conducts
separate e'amination.
Skills that banks seek in the candidates:
Banks do not generally ant the candidate to ha!e too much knoledge# they just checks the aptitude#
analytical skills# understanding of ,nglish language and alertness. &his is done by taking e'ams on
@uantitati!e ability 9Mathematics till class 10th:# ?ata Interpretation# ,nglish comprehension and .eneral
aareness.
<nly clarity in basic concepts# regular practice and determination is the only key to get success in banking
e'ams.