Bank Jobs In India

By Author: Ankush Singhal
Total Articles: 25
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Since years, bank jobs have attracted the maximum number of candidates. Banking careers are believed to be the most sought after, apart from the IAS and IPS jobs in India. The salary packages offered in the bank jobs are good, the jobs bring a number of benefits with them, while ensuring job security, which is hardly offered by the private jobs. The banking jobs in India are open for all, which means that no matter the student is from which stream, the opportunities are provided to everyone.

The growth rate of country has been one of the fastest in the world that has marked a growth rate of 8-10% annually. This economic growth has led to a number of job opportunities in both public sector and private sector banks as well as multinational banks and other financial institutions in India. The banks are into a number of tasks including offering loans, such as consumer loans, personal loans, property loans, car loans, mutual funds, credit card business and foreign exchange activities. The Indian banks have marked growth at a rapid pace and have recorded 30-40% of annual growth every year, which are being regulated by the Reserve ...
... Bank of India (RBI). Since RBI has a command over every financial institution, the banks from both public and private sector have ensured high profitability and stability.

These factors have definitely ensures stability in banking sector and have attracted more and more candidates to come and work as banking professionals. The private banks seek people who have excellent communication skills, good analysis power, portfolio management skills, and these days, every bank asks for computer proficiency. The public sector banks conduct examinations all over country and then select candidates after stringent written and interview rounds.

Earlier the banks individually conducted the tests all over India and the candidates had to fill up different forms of different banks. This led to a lot of chaos and seeing the complexity of the situation, a body named Institute of Banking Personnel Selection (IBPS) has been formed that conducts the entrance tests. These tests are divided into two sections, which are objective and subjective. The objective test paper tests the knowledge of English, Math, reasoning abilities, general awareness, and marketing. Some questions over the knowledge of computers are also included. In the subjective tests, the English and comprehension abilities of the candidate are checked.

The banks prefer choosing candidates with right attitude, aptitude and passion for banking. The written examinations are conducted to check the candidate’s capability and their caliber, while the interviews are conducted to check their communication skills, their level of confidence and their capability to deal with pressure and the clients. The people who are looking for the Bank jobs should be prepared to appear for the tough written exam as the level has gone up and the banks expect their employees to be perfect in every aspect. The people who are smart are only looked for, as it will also help in their promotion.

Rashmi writes on behalf of Naukri.com, the no.1 Jobs site in India. She writes on topics like Govt jobs, Resume and increasing work concentration.