Banking is one of the fastest growing industries in India and is rightfully considered as the sunrise sector of the Indian economy. More so, the government is focusing on providing banking facilities in every village and town under its Financial Inclusion scheme and hence, more and more branches of banks are being opened in every part of the country.
Every year, government banks recruit more than 1,00,000 candidates for various jobs. So in the terms of the employment in the government sector, banking is one of the most lucrative ones to get into. As the sector is growing very fast, it also needs manpower at various levels and essentially the recruitment in this sector happens at the following levels :–
1. Bank Probationary Officer (PO)
This is a managerial position in a bank. After the essential 1 to 2 years of training, candidates are designated as Assistant Manager (AM) or Deputy Managers (DM)
2. Bank Clerks
As the name suggests, this is a clerical position and can be considered as entry level job in a bank.
3. Bank Specialist Officers (SO)
Banks also hire candidates for specialist profiles like IT Officer, HR Officer, Marketing Officer, Finance Officer, Law Officer, Agriculture Officer etc.
Following are the main banks which have been recruiting regularly over the years – State Bank of India, Reserve Bank of India, NABARD, SIDBI, Allahabad Bank, Andhra Bank, Bank of India, Bank of Baroda, Bank of Maharashtra, Canara Bank, Central Bank of India, Corporation Bank, Dena Bank, Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce, Punjab & Sindh Bank, Punjab National Bank, Syndicate Bank, UCO Bank, Union Bank of India, United Bank of India, Vijaya Bank, IDBI Bank and Bharatiya Mahila Bank.
Every year, multiple exams are conducted for the recruitment of Bank Probationary Officers (PO), Clerk and Specialist Officers (SO) and broadly, these exams can be classified into following categories –
MH-CET analyses the skills of the aspirant in four sections –
1. IBPS Probationary Officer (PO)
2. IBPS Clerk
3. IBPS Specialist Officers (SO)
IBPS also hold exams for specialist profiles like IT Officer, HR Officer, Marketing Officer, Finance Officer, Law Officer, Agriculture Officer etc.
4. IBPS Regional Rural Bank (RRB) Exam
5. SBI Probationary Officer (PO)
6. SBI Clerk
7. RBI Grade B Exam
RBI recruits Grade B officers through an All India exam. Through, there are very few jobs in this, but working with RBI has its own benefits and future prospects.
8. RBI Assistants Exam
RBI recruits Assistants (Clerical Cadres) through an All India exam. Again, a job in RBI is considered to be very prestigious
The selection process for these jobs generally consists of Preliminary and Mains exams which are conducted online. Candidates must pass these exams to get shortlisted for the next stage which is the Personal Interview. Final selection is based on the score of the candidate in the Mains Exam and the Personal Interview.
These entrance exams generally ask questions to test the general aptitude of the candidates. In the Preliminary exam, 100 questions are asked from three different sections – Quantitative Techniques (35 Questions), English Verbal Ability (30 Questions) and Analytical and Logical Reasoning (35 Questions). While in the Mains exam, 200 questions are asked covering Quantitative Techniques, English Verbal Ability, Analytical and Logical Reasoning, General Knowledge and basic Computer Knowledge.