• The Scope Of Banking Jobs in India

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    August 8, 2017 /  Banking & Money
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    In India, Banking sector has always been viewed as the safest sector from the viewpoint of stability and pay. And why not! With more than 29 foreign banks, 28 nationalized banks and approximately 24 private banks, the scope of Banking Jobs is significantly on the rise in India. Today, there are more than 53,000 branches of Banks in India providing countless job opportunities to graduates and post-graduates.

    What’s So Interesting About Banking Jobs In India?
    Post liberalization, the class banking transformed into mass banking in India. It gave momentum to the expansion of banks in India. This attracted not only those with their relatives employed in banks but scores of others. What lured people the most and still continues to attract many fresh graduates and post graduates is the less stressful working hours in addition to the amazing pay package. Like any other sector, there are various divisions in banking sector as well. These divisions are generally categorized on two levels – officer level and clerical level. While the officer level work is regarding the banking dealings with customers, managing their portfolios and other similar tasks; the clerical level work is all about managing the front office responsibilities, checking the notes and coins, etc. Talking about the pay scale, you can start off your career in any reputed bank with a pay package anywhere between INR 15,000 and INR 30,000 per month.

    The Banks Where You Can Apply To Work With:
    Institute of Banking Personnel Selection (IBPS) is an autonomous body that is authorized by Indian Banks’ Association (IBA). It has received authorization from 19 Public Sector Banks and conducts the Common Written Examination (CWE) for the posts of Probationary Officer (PO) or Management Trainee. The CWE is organized twice a year by the IBPS for the afore-mentioned posts in public sector banks; namely:
    Allahabad Bank
    Andhra Bank
    Bank of Baroda
    Bank of India
    Bank of Maharashtra
    Canara Bank
    Central Bank of India
    Corporation Bank
    Dena Bank
    Indian Overseas Bank
    Indian Bank
    Oriental Bank of Commerce
    Punjab National Bank
    Punjab & Sind Bank
    Syndicate Bank
    UCO Bank
    Union Bank of India
    United Bank of India
    Vijaya Bank

    The criteria to apply for the post of PO require you to have completed the graduation with good marks from a well-recognized university. Also, the graduate should be aged between 21 to 30 years.

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