Banks take care of the money of individuals and corporates and pay interest on the deposited money, provide loans to people for business or personal use. Other services they offer include exchange of foreign currency, giving advice on investment and insurance. A Banking course will train the person in resource management, planning, man-management, funding, operations, handling of loans and profit generation.
To study banking, the candidate needs to be a graduate. Preference is given to commerce graduates, banking. Banking courses offer the following subjects:
After the banking course, the candidates can expect to get a career in banks as officers, cashiers, or in specialized departments such as merchant banking, foreign exchange, currency values, treasury management etc.
Candidates get recruited at the clerical level and officer level. The procedure of selection varies with nationalized banks.
Selection procedure of RBI- The Reserve Bank of India is the regulatory institution for banks and makes all the policies and regulations for the other banks. It conducts tests for three types for entry level positions:
The entry point for clerical staff is in the cash department as examiners of coins and notes. They are promoted to the next grade when they successfully clear the relevant examinations after 5-10 years of service.
There is an All India Exam conducted for class I posts. Graduates, post graduates, CAs , MBAs in the 21-26 years of age group are eligible. The candidates are tested in logical reasoning, mental ability, numerical aptitude and general English. The examination is in parts.l
The Reserve Bank of India as well as all the other nationalized banks recruit personnel in the following grades:
A candidate can also be recruited in nationalized banks as Probationary Officers. Banking jobs are also available in the Treasury and Forex Department, Merchant Banking Department and Foreign Exchange Departments of these banks. Banks in the private sector like ICICI Bank etc. employ personnel as
An individual who has completed the banking course and has good knowledge can get a very good job with attractive salary abroad. They can find their dream jobs in banks like ABN AMRO, Standard Chartered Bank, Deutsche Bank, Barclays Plc, HSBC, Citi Bank, Goldman Sachs, Royal Bank of Scotland etc.
Salary range is approximate only. It varies based on your proficiency in the field and the company that you join. Many multinational companies pay good salary and benefits to their employees.
The salary can be from Rs.5000 to Rs.50,000, depending on the level and experience.
The Bankers Benevolent Fund is the independent occupational benevolent fund for the banking community
Web site link: http://www.bbfund.org.uk/