The banking sector is regarded as the pillar of the Indian economy. It has become the most exciting industry in recent times because it provides job seekers and students with respectable and secure career opportunities. Every country’s banking sector is regarded as an essential component of its economy.

As the volume of financial transactions increases, it has always been one of the most important sectors for the economy to function. Economic growth, an increase in money supply, an increase in banking habits, an increase in trade and commerce, and other factors all contributed to it. In short, the scope of the banking sector in India has grown over time.

Although many attractive positions in banking pay well and provide job security, getting ready for a career in banking typically entails graduating with a degree in finance, economics, banking, or commerce and passing bank tests.A bachelor’s degree with a specialisation in either business or management is the very minimum requirement for employment in the banking industry.

Banking Recruitment in India

To pursue a career in banking in India, you must either pass bank exams or obtain a degree in investment banking, CPA, FRM, or a related field. When it comes to banking jobs, bank exams are required for positions such as clerks, probationary officers, and management trainees.

The following are the minimum requirements for each of these positions:

The age range for clerical bank exams is 18 to 28 years, and the candidate must have completed 12th grade with a grade point average of 60%.

Management Trainees/Probationary Officers (PO):
To be a Bank PO, you must be a graduate with a 55% aggregate and be between the ages of 21 and 26.

Individuals can pursue a variety of banking careers.
Some common career opportunities are as follows:

1) Bank Teller

Customer service and financial experts known as bank tellers help other bank staff members complete various banking activities. These specialists help clients with financial operations like withdrawals, transfers, and deposits. Every shift starts with a cash drawer count by the bank teller.

Career opportunities in Banking sector

They exchange foreign money following the going market rate as part of their employment duties. Giving customers information about bank services and goods like loans, account kinds, credit cards, and interest rates may be part of their job description.They can aid customers in placing orders for items like debit, credit, and check cards.

2) Bank clerk

A bank clerk assists senior employees with their day-to-day tasks. These professionals perform a variety of clerical tasks for the smooth operation of a bank, ranging from data entry to direct customer interaction. The primary responsibility of a bank clerk is to process customer transactions. They answer questions from visitors about credit cards, loan products, and bank accounts. Bank clerks refer customers to banking personnel and assist them in resolving their problems. Based on a supervisor’s request, these professionals enter and update financial data into bank records. When customers close their accounts, they add and delete information about them.
Investment Banker

An investment banker works with clients and advises them on where to invest their money in safe and profitable places.
To guide their clients, investment bankers must have analytical skills, effective communication skills, and industry knowledge.
Investment bankers play a critical role in ensuring financial growth for both their clients and their organisations.

3) Bank Probationary Officers (PO)

The bank PO job is in high demand because it allows you to advance your career in banking. If you want to work in a public-sector bank, you must first pass an exam administered by the Institute of Banking Personnel Selection (IBPS). The exam is not required for private sector banks, but other qualifications may be required.
As a PO, you will receive a fixed monthly salary and the opportunity for advancement.They are responsible for performing tasks related to banking, finance, etc. They are also given the responsibility to issue chequebooks, cash management, etc.

4) Relationship Managers or Sales Representatives

For first-time job seekers, sales representatives, relationship managers, and sales managers positions are also available in banks and insurance companies. Needless to say, this is a sales-oriented position in which you must sell the bank’s or insurance company’s products.
A sales representative is responsible for representing the company’s products or services to potential customers. They must probe and profile customers, understand their concerns and priorities, and then recommend the appropriate product or service to them.

5) Mortgage Banker

A mortgage Banker or a Mortgage Loan Officer assists applicants in obtaining mortgages from banks. They are responsible for gathering personal information from applicants, assisting customers, and collaborating with other mortgage professionals to move the application through the underwriting process.

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