In India there are different types of banks by which the customers can do their financial works very easily. Bank is that place who take care the money of the people and corporate, the function of a bank is to deposit the money of the customer and give the interest on that money, and provide the loans also to the people for increasing the profit of the bank as well as for the help of the customers for different types of works and it gives the advice also to the people that how they can get the more profit by using different schemes.
With the new technologies the works of banks are improving day by day, such as by using computer facility all works can be done within few minutes, by using ATM card a man can withdrawn his money very easily and in any place and can deposit his money very easily, and by internet a man can take different types of information of bank by online system and by the bank website the customer can take any type of information related with any banking issue. Bank representative facility is also provided by which a man can open his account easily and can get the information in his own home.
There are two sectors in which students want to make their career:
1 Private sector
2 Government sector
Its depend upon the skills and interests of the students. In today’s life mostly students want to make their career in Government sector but all students are not able to clear the entrance exams for government jobs, so they change their career path to the private sector.
There are many advantages of banking jobs like
1. In banks we can get higher salary also according to our qualification and skill.
2. We can get the right post by giving examinations of different levels.
3. We can promote ourselves by giving good performance.
4. We can take the transfer easily according to our situation and condition.
5. After the retirement we can get the good pension, gratuity and fund also by which we can do our financial works easily and can make our old age safe.
6. The duty timings are also good and suitable
7. In banks we can get the higher position and status in society in our life.
Nature of work
As a nature of work a manager is responsible for the growth of the bank as well as for the customers. He is responsible for giving advice in various issues like insurance facility, loan facility, interest rates facilities, and different schemes also. The manager has to coordinate the activities of the bank as well as of the customers and has to achieve the target by making profit of both. He is responsible for efficient functioning of the bank and different related issues. He has to manage all human resource in a right way and satisfied the grievances of the customers as well as of the employees so that they can do their work more efficiently. He has to give the advice and give the information also for making profit. A manager of the bank should be able to satisfy the customers and for making the profit of the bank also by their good qualification and technical skills also so that he can do all works easily.
It is related with the investment management and it includes management of public issues, mutual funds, securities and international funds. It is related with the corporate issues and clients for giving information in many issues like capital structure, mergers acquisitions, public issues etc.
Treasury and Forex functions
The success of any business is calculated by the management of fund this makes treasury management. For the management of treasury requires the knowledge of global money markets and financial instruments like treasury bills, forecasting, source evaluation, deposit certificates.
A good banker is that who has a good body to maintain the accounts of the customers neat and clean and can get and keep the right information of their records a man who is responsible should have a intelligent mind in mathematics, officers who are responsible should have a good ability to solve any type of dispute and problems and can easily manage the customers as well as the banks management by good written and verbal communication skills and can coordinate between the activities of clients and banks. He should be honest person on his work as well as his responsibilities
Entry Level Information
The recruitment of the candidates is conducted at two levels in the banks
Selection Procedure for RBI
The Reserve bank of India makes all the policies and regulations for the other banks. It conducts the test for three types of posts:
1 Clerical grade
2 Grade A officers
3 Grade B officers
The entry level for clerical staff is related with the cash department as the examiner of coins and notes. When they successfully clear the exam after 5-10 years of the service they are promoted. There is an All India Exam is conducted for class I posts, for that who are graduate, CA’s MBA’s and who are 21-28 years old are eligible. In this there is the test of reasoning, mental ability, general English and numerical.
The examination is in parts
1 Paper I is written test of General mental ability (objective)
2 Paper II is a subjective including English essays/Comprehension/Precise writing etc.
3 Paper III is of Economics and Social problems
And selected candidates are called for interviews for the final selection.
Selection procedure for other nationalized banks
The person who is 18-28 years old is eligible for written exam. It is similar to RBI exam. Test is followed by interview. Through the regional boards Clerical staff is recruited
Selection procedure for nationalized commercial banks
Commercial banks advertise through their Banking Service Recruitment Board to recruit PO, Probationary officers. The candidate must be graduate in any discipline and should be 28 years.
About the examinations
The examination is of two parts- Objective and subjective.
Written Test – By this the Analytical skills and problem solving skill are calculated of the candidate, By the English the grammatical skill is gudges. By the general awareness the social and general knowledge is calculated.
By the quantitative test the skill of mathematical and numerical skill is calculated
The interview is based on the knowledge of the subject, personality and general awareness, candidate’s communication skill and management skills.
Thus, we can say that there are different career paths in which career in banking will be very helpful for making their career good and bright. By getting the knowledge of banking we can make it very easily.