
BANKING
CAREER IN BANKING SECTOR
Banking industry is second
to none in providing an attractive job opportunity. Be it job satisfaction,
salaries and perks or time for family life, it provides a person with so many
allurements that jobs in this sector are tempting. Moreover, banking industry
has become an essential part of everybody’s life. We are becoming increasingly
dependent on the banking system. The role of banking in the growth of economy
as well as that of an individual can’t be denied. For this the continuous
intake of specialized personnel becomes imperative.
Types of Banks in
India
The banks in India can be
categorized as following.
- Commercial
Banks:
The major role of the commercial banks is to enable businesses and
entrepreneurs with the financial services. Commercial banks are further
categorized into the following.
- Private Sector Banks
- Public Sector Banks
- Regional Banks
- Co-operative
Banks:
Co-operative banks mostly benefit the rural people like farmers,
small scale industries etc. These are controlled and managed by the
co-operative societies. These can be further categorized into
- State co-operative Banks
- Central co-operative Banks
- Primary Agriculture Credit societies
- Investment
Banks and specialized banks: These provide financial assistance to
its customers and provide necessary support like foreign exchange, sales
of equities, foreign trading etc. to its customers.
Most of these
banks offer better packages today and give a performance and experience based
promotion. In case of public sector banks, professionals like engineers,
doctors, MBAs and lawyers are appointed based on the results in All India
Recruitment Exam. Probationary officers (Bank PO) are also recruited in public
sector banks based on the Common Written Examination
(CWE) conducted by the IBPS. It is estimated that public sector
banks are to employ more than 7 lakh people in the near future.
Posts
Recruitment in banks takes place at different levels:
I. Probationary Officers II. Clerical Level III. Specialist Officers IV.RBI Grade –B Officers
Other
Career Options in Banking Sector
Other opportunities
available in banking sector are financial managers, Bill and account
collectors, bank tellers, loan officers, financial service representatives,
book keeping and audit clerks.
(I)IBPS PROBATIONARY
OFFICER(IBPS PO):-
Key Info:
Course Duration : 6 Months
Classes : 15 hours per week
Material : Printed Study Material
Tests : 25 full length On-Line /
Off-Line Mock-Tests
Fees : Contact Centre
Ph.No.-9861277722 / 9090884522
About
Bank PO
A PO or a Probationary
Officer is basically an Assistant Manager of Scale I in a bank. He is a Junior
Manager of Grade I scale and hence called Scale I Officer. After the selection
criteria is completed, a Probationary Officer has to go through an intensive
training program at Institute of Banking Management where they are trained. The
probation period of a PO may last for 2 years. This again differs from bank to
bank.
Role
of a Bank PO
As the candidates selected
for this post are young officers who have freshly graduated, they have a great
enthusiasm within themselves. They are hardworking and have a zest to learn and
hence they are imparted with some really serious responsibilities by the bank.
A PO is trained on multiple
verticals such as finance, accounting, billing, investment etc. during his/ her
probation period in order to acquaint them with various working procedures of
the bank. This is basically done by entrusting them with responsibilities and
jobs in these categories.
The main purpose of the bank
is to provide optimal service to its customers. A PO has to make sure that the
business of the bank keeps on increasing by tending to the banks’ customers
properly by handling customer complaints, addressing various customer related
issues such as discrepancies in accounts, rectification of undue charges etc.
When they get acclimatized
to the banks’ norms they are provided with more serious responsibilities such
as planning, budgeting, loan processing, investment management etc.
Bank
PO Exam
Every year all the
government as well as the private banks conduct Bank PO exams to recruit young
officers. The major banks participating in this process are listed below:
• State Bank of India
• Allahabad Bank
• Bank of Baroda
• Bank of Maharashtra
• Punjab National bank
• Oriental Bank of Commerce
• ICICI Bank
• Cooperative Bank
• Cooperation Bank
• Syndicate Bank
• HDFC Bank
Educational Qualifications
The candidates who are
wishing to appear in the exam should have a Degree (Graduation) in any
discipline from a University recognized by the Govt. of India or any equivalent
qualification recognized as such by the Central Government. With above 50% Aggregate marks.
Age
Limit
The candidates applying for
the exam must age between 20 to 30 years. For General Categories.
Relaxation of Upper age
limit
Sr. No.
|
Category
|
Age Relaxation
|
1
|
Scheduled Caste/Scheduled
Tribe
|
5 Years
|
2
|
Other Backward Classes
(Non-Creamy Layer)
|
3 Years
|
3
|
Persons With Disabilities
|
10 Years
|
4
|
Ex-Servicemen,
Commissioned Officers including Emergency Commissioned Officers (ECOs)/ Short
Service Commissioned Officers (SSCOs) who have rendered at least 5 years
military service and have been released on completion of assignment
(including those whose assignment is due to be completed within one year from
the last date of receipt of application) otherwise than by way of dismissal
or discharge on account of misconduct or inefficiency or physical disability
attributable to military service or invalidment
|
5 Years
|
5
|
Persons ordinarily
domiciled in the state of Jammu & Kashmir during the period 1-1-80 to
31-12-89
|
5 Years
|
6
|
Persons affected by 1984
riots
|
5 Years
|
IBPS PO
IBPS PO: Prelims Exam Pattern

IBPS PO: Main Exam Pattern

(2). IBPS CLERK:-
Key Info:
Course Duration : 6 Months
Classes : 15 hours per week
Material : Printed Study Material
Tests : 25 full length On-Line /
Off-Line Mock-Tests
Fees : Contact Centre
Ph.No.-9861277722 / 9090884522
A clerk
is mostly a front staff in a bank. Depending on the requirement, clerks are
placed at different counters of the banks, e.g. savings, deposit, current
deposit, term deposit, retail loans, cash credit, agricultural loans, credit
cards, govt. business, cash receipt or payment, etc. Maximum customer interface
in banks occurs at these counters managed by clerical staff.
Eligibility
The
minimum age for applying for the position of a clerk in nationalised or private
sector banks is 20 years. The maximum age limit is 28 years. The candidate has
to be a Graduate in any discipline. As most of the recruitments in clerical
cadre in public sector banks are made state-wise, the candidate applying for
the post in a particular State is expected to be proficient in the language of
the State. Proficiency means knowing to read, write, speak and understand the
language.
IBPS Clerk
IBPS CLERK: Prelims
Exam Pattern
|
S.NO
|
EXAM TYPE
|
SUBJECTS
|
NO. OF QUESTIONS
|
MARKS
|
DURATION
|
1.
|
Objective Type
|
English Language
|
30
|
30
|
1 Hour
|
2.
|
Numerical Ability
|
35
|
35
|
3.
|
Reasoning Ability
|
35
|
35
|
Total
|
100
|
100
|
IBPS CLERK: Main Exam Pattern
|
S.NO
|
EXAM TYPE
|
SUBJECTS
|
NO. OF QUESTIONS
|
MARKS
|
DURATION
|
1.
|
Descriptive
|
Reasoning Ability & Computer Aptitude
|
50
|
60
|
45 MIN
|
2.
|
General English
|
40
|
40
|
35 MIN
|
3.
|
Quantitative Aptitude
|
50
|
50
|
45 MIN
|
4.
|
General/ Financial Awareness
|
50
|
50
|
35 MIN
|
TOTAL
|
190
|
200
|
160 MIN
|