Bank jobs are emerging as one of the top career choices in India. Millions of Indian youth complete their educational and professional degree courses every year, but the jobs available for them in their respective fields are far lower the number of applicants. Every year a fresh batch of students arrive, which lead to a further increase in competition and thereby stagnation. Even the jobs once recruited will not fall vacant till the service of the employed person is superannuated. This means there is just one chance for a qualified person to utilize, if that is wasted, it spells a disaster in his life. As a result of this many Indian youth nowadays search for an alternate career in addition to their specialization.
Many opportunities like software and hardware industries, government sector jobs, private sector jobs, finance, business, agriculture, etc are available for earning a decent livelihood. Of all these options banks are one of the most stable and lucrative due to a robust growing economy as well as a robust and stable banking system in India. So, bank jobs have emerged as one of the top career choices for Indian youth from various educational backgrounds.
Bank jobs have become so popular in India that whenever you visit any government library and ask the people studying there for what are they preparing, then 70-80% of them reply that they are preparing for bank exams. In every city and town of India we can see many institutes coming up for giving coaching and training regarding bank exams.
The reasons for choosing bank as their career by many Indian youth are:
1. Job security
2. Stability of banking sector in a robust Indian banking system
3. Good salary packages with great incentives and allowances.
4. Good job environment provided by most banks
5. Impartial and clean interviews especially in private banks in India
BANKS IN INDIA:
There are two types of banks in India, Public Sector and Private Sector. Some Public Sector banks are grouped together as nationalized banks. Reserve Bank of India is the central bank of India which regulates the Indian banking system and monetary policy. Every Indian bank including private banks needs to follow the guidelines from RBI (Reserve Bank of India) which is one of the main reasons of the stability and robustness of the Indian banking system.
PROCEDURE OF BANK EXAMS:
Private sector banks conduct separate exams for their recruitment may it be
for officers or clerks. Public sector banks other than SBI (State Bank of India) and its associates are conducting a joint examination for their recruitment called IBPS (Indian Banking Personnel Selection). The rest of the public sector banks are conducting separate examinations for their recruitment.
TYPES OF EXAMS:
There are two types of exams conducted for any Bank recruitment. They are:
1. Clerical (for clerks).
2. PO exam(for provisional officers)
If at all there are any other type of posts like IT officers, etc separate type of syllabus are setup for them.
1. For clerical exam: Minimum qualification required is 10th class or Undergraduates.
2. For PO exam: A degree in any stream is a must for applying.
For any other type of posts the eligible qualification as needed is suggested in the advertisements which are mostly posted in leading Indian newspapers as well as online.
The process of Recruitment commences from publication of vacancies in various banks to allotment of candidates selected through the respective exams to the individual banks.
EXAM PROCEDURE:
The exam consists of two patterns:
1. Objective
2. Descriptive.
Syllabus is same for both PO and Clerical but standards are different. Negative marking system also exists in bank exams. Syllabus is Arithmetic, Reasoning, Marketing/Computing, General Awareness, General English.
Backwards castes are given special reservation as per the existing Government norms which may change according to the timely government orders.
SELECTION OF CANDIDATES:
The meritorious candidates of the written examination will be called for an interview at a ratio of 1:3 or above. The successful candidates in the interview will be allotted to various banks for posting to various jobs. Thereafter the banks will provide the posts to the selected candidates as per their requirement.
Banking jobs have a clean and transparent procedure of exams and recruitment without any bias or corruption involved. This is also one of the reasons for the popularity of the same.
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