CONTENTS OF THE

SESSION








Concept and History of Banking.
Present Banking Scenario and new
Dimensions in Banking sector.
Why to opt for a Banking Career?
Scope of a banking career.
Different positions for entry in banks.
Qualifications required for entry at
different levels.
How to prepare for the exam/ Interview.
Querries by the participants.
Concluding the session.

BANKS AND BANKING
Banks are institutions that take care of the
money of individuals and corporates,
provide loans to people for business or
personal use. They also offer a wide range
of services like exchange of foreign
currency, Investment Banking, Mutual
Funds, Insurance Business, D-mat services,
Online trading of shares, providing public
utility services like e-tickets, payment of
bills, educative services etc.

Beginning of Accounting
Systems
Kautilya, in 330 B.C. recognised the
importance of accounting methods in
economic enterprises. He developed
Book-keeping rules to record and classify
economic data. He also linked the
successful enforcement of rules and
regulations to their clarity, consistency
and completeness. He also emphasised
the role of ethics in the economic
activities.

Stages in History of Banking in
india
History of Banking has been divided into
Stages like:
 Pre-independence stage
 Post Independence stage
 Nationalisation of Banks
 Introduction
of
Financial
Sector
Reforms
 IT revolution in Banks

History of Banking in India
There were three oldest Banks
 Bank of Bengal
 Bank of Bombay
 Bank of Madras
These banks were called Presidency Banks.
They merged in 1925 to form the Imperial
Bank of India, which after independence
became State Bank of India.
Reserve Bank of India came into existence in
1935 which took the responsibility of
regulating Banking sector as Central Bank in
India.

Banking Scenario after
Independence

In 1948, the Reserve Bank of India was
nationalized, and it became an
institution owned by the Government of
India.
In 1949, the Banking Regulation Act was
enacted which empowered the Reserve
Bank of India (RBI) "to regulate, control,
and inspect the banks in India."

Nationalisation of
Banks

On July 19, 1969, 14 major banks
were nationalised.
On April 15, 1980 another 6
banks were nationalised.
With the nationalisation, the
banking in India shifted from
‘Class’ banking to ‘Mass’ Banking

Liberalisation

In the early 1990s the Govt
embarked on a policy of liberalisation
and gave licences to a small number
of private banks, which came to be
known as New Generation tech-savvy
banks like Global Trust Bank, UTI
Bank(now re-named as Axis Bank),
ICICI Bank and HDFC Bank.

Current Banking
Scenario

Currently,
India
has
81
scheduled
commercial banks (SCBs) – 28 (19
Nationalised banks + 8 SBI Group + 1 IDBI),
29 Foreign banks and 24 Private banks.
They have a combined network of over
53,000 branches and 17,000 ATMs.
The public sector banks hold over 75
percent of total assets of the banking
industry, with the private and foreign banks
holding 18% and 7% respectively.

Scope of Career in
Banks

A career in the banks has always been a
sought-after one. Fascination with
banking services has never been higher
than at present. With the advent of
private and foreign banks, the interest
of youth in joining banks has only
increased further. Another notable
factor has also been the pay package
which has fattened considerably with
the coming of these banks.

Opportunities

As the industry is growing there is no
dearth
of
opportunities.
In
nationalized banks, one can expect
regular promotions while in private
banks it is performance that is
rewarded.
As financial services get automated,
the industry requires a large number
of computer experts.

Career in Banking-Positions for
Entry
Openings are available at various
levels: from bank clerks to probationary
officers (PO), IT Officers. There is good
scope for professionals like MBAs, CAs
for Direct entry as Manager, Sr
Manager. There is scope for Technical
posts like Agriculture Officers, Industry
Officers, Law Officers, Hindi Officers
and Economic Officers.

Qualifications for Banking
Jobs
For Clerical Jobs:
 Minimum Qualifications are 10+2 with
marks 50% and above or Graduation.
 Age 18 yrs to 28 years.
For Probationary Officers
 Minimum Qualifications are Graduation
with marks 55% and above.
 Age 21 yrs to 30 years.

Features of Banking
Jobs
The best features of the job are security,
good perks and salary, besides the
prospects of loans for employees. There
is good scope for promotions. The good
thing for the job-seekers in this field are
that demand for trained professionals
has increased substantially. The latter is
true for private banks, which offer better
salaries but correspondingly less job
security.

Job Requirements

Bank jobs come with responsibility, as the
banker handles other people's money. The
person must be service-oriented and like
to look after customers.
Assess your aptitude before joining a
career in banking. The personality
required is a mix: for marketing and
meeting
customers
an
outgoing
personality is required, while for keeping
accounts a diligent and persevering
attitude is required.

Environment in Banks

One reason to be excited about
banking as a career is the rapid
change taking place. The jobs are
becoming
comfortable,
as
the
physical environment is pleasing and
computerisation has taken the load
off tedious jobs. As competition
increases, a good banker will
certainly be in great demand.

Source of information about jobs

The
advertisements
for
recruitment appear on website of
respective banks, in newspapers
as
well
as
www.atozinbanking.com which is
a dedicated website for Bankers
and aspiring bankers.

Subjects for Banking Exams

Recruitments are on the basis of a
written test, including General
Awareness, Test of reasoning,
Quantitative Aptitude, English
language,
IT
Terminology,
Concepts of Marketing and/or a
descriptive test.

Preparation for interview

After the written examination, the shortlisted candidates are called for an
interview. General questions are asked to
check the candidate's general awareness
and relevant issues related to Economy.
Interview focuses on the candidates
aptitude on Decision Making, Risk
Taking,
Marketing,
Knowledge
of
Computer and Aptitude for accepting
Challenges.

Position of Openings in Banks

During Current year Banking System
is likely to offer employment to
about 1.20 lac people out of which
SBI has already declared openings
for 20000 clerks, 3500 POs, 150
Technical Officers. Other banks have
also offered similar positions in
addition to regular recruitments by
Private and Foreign Banks.

Contact Information
about the Trainer
bhushan301@yahoo.co.in
+91 9876756600 (Mobile)
+91 172 4622020 (Landline)

THANK YOU