Banking as a career is
one of the best option for every Graduates and even for Intermediates joining
as either Probationary Officer (PO) or Clerical Cadre in Most of the
Nationalised Banks of India and State Bank of India and its Associates with its
Best Promotional aspect and financial benefits. Not only this, options are
there for Rural Banks in almost all the states sponsored by many of the
nationalized Banks or State Government and also in Private Sector Banks which
are mushrooming up everywhere. With this present NDA Government’s Policy of "Pradhan Mantri Jan Dhan Yojana" and after granting license to few more Organisations for Banking by RBI,
opportunities will be much more than before. And also opening Insurance sector
as a part of Banking makes widen in the requirement of more manpower. In this sector, if you are passionate about
your job, you can reach upto the top of the Hierarchy easily. So I suggest
everyone to aware and get ready for joining in this field of prosperous Career.
SELECTION PROCEDURE FOR NATIONALISED BANKS
Selection for PO and
Clerical Cadre for all the Nationalised Banks in India apart from State Bank of
India and its Associate Banks is done through a common Score cards system of
Examination i.e., IBPS. After getting good score in IBPS, selections are done by
individual Banks through Group Discussion and Personal Interview after calling
candidates with their choice of cut off marks. So a good Score in IBPS
Examination is necessary for getting chance to get call for Interviews from
maximum of the Banks. For SBI and its Associate Banks, they used to conduct
time to time their own Examination according to their vacancy and follow the
same system of Group Discussion and Personal Interview. Apart from this, Banks
like Bank of Baroda, IDBI Bank etc used to have separate entry system as
Assistant Manager or PO through their own Selection and provide Banking Courses
in association with Institutes like Manipal Institute of Banking by providing
their Education Loan. This type of selection gives much competition among the
candidates as they are giving secure jobs and best internship during their
courses.
SELECTION PROCEDURE FOR RURAL BANKS
Selection of PO and
Clerical cadre entry for Rural Banks of the State are also done through IBPS
Examination score card which is conducted separately with the same procedure
followed by Group Discussion and Personal Interview conducted by Rural Banks.
The difference in the case of rural Banks Selection procedure is Preferences
are given to Local candidates who are well verge with their local Language.
SELECTION PROCEDURE FOR PRIVATE BANKS
Selection of PO is done
in private leading Bank like ICICI through its own recruitment process and
giving proper courses before induction as an Officer. They are doing this type
of recruitment 2-3 times in a year according to their projection of expansion
of Banks. And for maximum of the other Private Banks Recruitment is done either
through Campus Recruitment from colleges and Universities according to their
need and qualification or through their own Recruitment Agencies. And above
this many of them have link up with Private Institutes like NIIT IFBI, Manipal,
etc with direct placement system. So in such recruitment, qualification and
exposure of the Candidates matter a lot, hence doing a course like MBA, PGDM,
CA, ICWA, CS, M.Com etc benefits more than just a Simple Graduate or Post
Graduates. At present following are some of the demanding fields of studies
which are offered as specialization in MBA, PGDM etc which are banking related.
1.
Micro Economics,
2.
Environment and
Management of Financial Services,
3.
Effective Banking
Communication,
4.
Taxation of Financial
Services,
5.
Organisational Behaviour
in Banking Organisations,
6.
Laws relating to Banking
Services & Insurance,
7.
Cost Accounting of B
& I Services,
8.
Equity Debt,
9.
Corporate Laws governing
Capital Markets,
10. Strategic Planning in Banking Organisations,
11. HRM in Banking Organisations,
12. International Business Management in Banking
Organisations,
13. Marketing,
14. Risk and Security,
15. CSR etc
SELECTION PROCEDURE FOR SPECIALIZED POSTS
Apart from regular Appointment for Clerical
cadre and PO (Officer Entry) post, all the banks including Private Sector Banks
and Rural banks used to recruit Posts of higher Hierarchy as Specialized Post.
Fields may be Security, Technology, Agriculture, Insurance, Management,
Finance, CA etc from experienced candidates who have already exposure. Their
recruitment is depending upon the vacancy in concerned Banks time to time.
## Regarding preparation for IBPS, SBI etc,
another article will come up shortly.
Wish you all the best
Cheers ADMIN
