Career Oppurtunities In Nationalized Banking Sector

Banking

The Banking sector in India has always been one of the most preferred destinations for employment.

  • In this decade, this sector has emerged as a sunrise sector in the Indian economy.
  • Banking sector index has grown at a compounded annual rate of over 51 per cent since the year 2001.
  • The Banking Industry is recruiting in a big way.
  • In the next five years, banks will have to recruit almost 7.5 lakh people.

Now, banks have diversified their activities and getting into new products and services .

  • This include opportunities in credit cards, consumer finance, wealth management, life and general insurance, investment banking, mutual funds, pension fund regulation, stock broking services, custodian services and private equity etc.
  • Further, most of the leading Indian banks are going global, setting up offices in foreign countries themselves or through their subsidiaries.

The expansion of the banking sector and its convergence with the other financial sectors such as insurance, NBFCs and Capital markets, retirement of the existing employees and financial inclusion have created more number of opportunities in the banking sector.

Infrastructure, Risk Management, Banking and Financial Services, Management Information Systems and Customer Relations Management are a few areas where specialization is expected.

Banking – Exam Details

Computer Literacy

Some banks insist that the candidate should posses working knowledge of computers before joining the bank and few banks mention that the desired computer skills may be acquired within six months of joining the bank. If a candidate has not studied computers as one of the subjects in school/college, the candidate must possess a valid diploma (basic applications) in computers.

Language Proficiency

  • Public Sector Banks
    Since clerical cadre recruitment would be on State-wise basis, the candidate may also be required to possess proficiency in the Official Language of the State/UT for which vacancies he wishes to apply.
  • Regional Rural Banks
    Proficiency in local language as prescribed by the participating RRB/s.
Age as on date specified in the notification
Relaxation in age for reserved categories as per rules.
Eligibility Criteria – Clerk Exam

Exam

Age Limit

Qualification

IBPS CWE (Clerks) for PSBs

20-28 Years

Degree in any discipline from a recognized university or any equivalent qualification

IBPS CWE (Office Assistants) for RRBs

18-28 Years

Degree in any discipline from a recognized university or its equivalent.

Age as on date specified in the notification
Relaxation in age for reserved categories as per rules.
Eligibility Criteria – PO Exam

Exam

Age Limit

Qualification

IBPS CWE (PO/MT) for PSBs

20-30 Years

Degree in any discipline from a recognized university or any equivalent qualification

IBPS CWE (Officers) for RRBs

Officer Scale III - 21-40 yrs.
Officer Scale II - 21-32 yrs.
Officer Scale I - 18-30 yrs.

Degree in any discipline for General Banking Officers (50% for Scale II & III) & Degree / PG in a relevant subject for Specialist Officers as given in the notification. Experience also required for some posts

SBI/SBI Associate Banks PO

21-30 Years

Graduation in any discipline from a recognized university / college

Banking – IBPS PO

Patterns of IBPS PO exam are as follows -

IBPS PO Prelim Exam

Name of the Test

No of Questions

Max Marks

Duration

English Language

30

30

60 Min

Reasoning Ability

35

35

Quantitative Aptitude

35

35

TOTAL

100

100

IBPS PO Main Exam

Name of the Test

No of Questions

Max Marks

Duration

Reasoning & Computer Aptitude

45

60

60 min

General/Economy/Banking Awareness 

40

40

35 min

English Language

35

40

40 min

Data Analysis & Interpretation

35

60

45 min

 TOTAL

155

200

3 hours

Followed by Descriptive English (25 Marks- 30 Minutes)  & Personality Test

Banking – IBPS Clerk

Patterns of IBPS Clerk exam are as follows -

IBPS Clerk  Prelim  Exam

Name of the Test

No of Questions

Max Marks

Duration

English Language

30

30

60 Min

Reasoning Ability

35

35

Numerical Ability

35

35

Total Marks

100

100

IBPS Clerk  Main  Exam

Name of the Test

No of Questions

Max Marks

Duration

Reasoning Ability & Computer Aptitude

50

60

45 Min

General English

40

40

35 Min

Quantitative Aptitude

50

50

45 Min

General / Financial Awareness

50

50

35 Min

Total

190

200

160 Min

Banking – SBI Clerk

Patterns of SBI Clerk exam are as follows -

SBI Clerk  Prelim  Exam

Name of the Test

No of Questions

Max Marks

Duration

English Language

30

30

60 Min

Reasoning Ability

35

35

Numerical Ability

35

35

TOTAL

100

100

SBI Clerk  Main  Exam

Name of the Test

No of Questions

Max Marks

Duration

Reasoning Ability & Computer Aptitude

50

60

45 Min

General English

40

40

35 Min

Quantitative Aptitude

50

50

45 Min

General / Financial Awareness

50

50

35 Min

Total

190

200

160 Min

Banking – SBI PO

Patterns of SBI PO exam are as follows -

SBI -PO  Prelim  Exam

Name of the Test

No of Questions

Max Marks

Duration

English Language

30

30

60 Min

Reasoning Ability

35

35

Quantitative Aptitude

35

35

TOTAL

100

100

SBI PO  Main  Exam

Name of the Test

No of Questions

Max Marks

Duration

Reasoning & Computer Ability

45

60

60 Min

English Language

35

40

40 Min

Data Analysis & Interpretation

35

60

45 Min

General Economy / Banking Awareness

40

40

35 Min

Total

155

200

180 Min

Followed by  Descriptive English (50 Marks) , GD & Personality Test