BANKING AS A CAREER

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