India has been developing in its banking and financial sectors day by day and all the Indian are safe now for that reason. Therefore Indian banking and financial system has been developed so much. However, because of that reason in the banking sectors there create a lot of vacancy. So, here in this article I would discuss about Banks recruitment in India.
Let’s see the parts of share of Indian banking sectors:
Therefore in India, 21private sector banks are there and public sector banks are 27. Therefore, you will be surprised to know that there are 49 foreign banks and apart from this there are 56 regional rural banks remain.
However, according to IBEF (India Brand Equity Foundation) surveys, there are 1,562 urban cooperative banks and rural cooperative banks are 94,384. So, one thing has been cleared that the investment in Indian banking sectors as well as financial sectors have been increasing day by day and people keep faith on the banks and other financial sectors because of that reason Banks need employees.
Top Banks in India:
|1. State Bank of India|
|2. Axis Bank|
|3. ICICI Bank|
|4. Canara Bank|
|5. IDBI Bank|
|6. Bank of India|
|7. Kotak Mahindra Bank|
|8. IDFC Bank (Updated)|
|9. HDFC Bank.|
|10. Bank of Baroda|
India’s banking and financial development:
Therefore no doubt that India has done most wonderful progress in the banking and financial sectors at the present time and very recent years. However it is recognized by the World Bank and it is really good news for the country and its people. And it is come to reveal that 55% bank accounts have been opened in India in the recent time. Therefore, the most interesting thing is that adults’ bank accounts have been increasing day by day and it has reached 80% in 2017 but it was 53% in 2014.
So, Banks recruitment has become necessary at the present situation.
However, you can say that India has been going towards the digitalization for the money transactions. Therefore, the banks need more and more new candidates who can handle the customers’ pressure. So, anyone is interested in banking sector jobs, they can search on the several search engines such as Google or so many. You have to write on the Google, and you can use other search engines also to know the information about the Bank recruitment option and there you will get all information which you need to know first.
The main great characteristics of the good Banks are as below:
Everyone wants the safe place to deposit their money and they try to find out that kind of bank where they can keep their money safely. The features of the good banks are as below:
- Good reputation.
- You can easily access from any branch of it.
- Low balance requirements.
- Good ATM system.
- Very good customer service by the customer care.
- Very easy way to online banking.
- Free checks system.
- Loans should be available.
- Good interest for savings money.
However we need to make differ between the banks which are not under the IBPS Examination and as well as we need to find out the banks which are under the IBPS Examination and it is important for those candidates who want to get job in the banking sectors. So, for them to know the Bank recruitment process is most important.
The banks’ which are not under the IBPS Examination:
- Allahabad Bank.
- Bank of Baroda.
- Canara Bank.
- Bank of India.
So, you can realize that to get job in these kinds of banks, you have to give the examination of IBPS. However, there are other banks also which are under this examination but there I would not discuss about those banks as these are not coming under the top ten banks in India. Anyway you need to know about the Bank recruitment examination process.
Therefore for all posts such as clerk, PO and for many more posts, two steps of the examination have to overcome. So, these examinations are preliminary and Main. However, you need to face the interview (Personal) also, and this examination has been conducted every year in October or November. In preliminary examination, you will get 3 sections and therefore you have to give answer of 100 marks and here time limitation is 60 minutes, but if you need more information you can get from the Google or the Banks’ own web site about the Bank recruitment . So, after qualifying the preliminary examination, you need to face the main examination and there are 5 sections. Therefore these are as below:
- Quantitative aptitude -50 questions
Reasoning ability -50 questions
English language – 40 questions
General awareness – 40 questions
Computer -20 questions.
However, for your kind information these marks are for Bank PO post but for clerks’ examination marks will be different such as it will be 40 marks but subjects are the same.
After clearing the main examination, the authority will call you for Personal Interview and somehow if you are selected, therefore you can choice the bank as per your intension. So, for clerk, the minimum qualification which you require is 12th standard and for PO you need to be graduated. So, if you want more information you can go the official web site of IBPS for Bank recruitment. However the web site is ibps.in.
All banks’ salary and designation under the IBPS Examination:
|Manager||Approx Rs, 58,000/- only per month|
|Probationary Officer||Approx Rs. 27000/- only per month|
|Bank Officer||Approx Rs. 5lakh per annum|
|Branch Manger||Approx Rs. 45,000/-only per month|
|Assistant Manager||Approx Rs. 60,000/-only per month|
|Credit manager||Approx Rs. 85,000/-only per month|
|Chief Manager and Cash Manager||Approx Rs. 95,000/-only per month etc……|
Bank of Baroda
|Assistant Manager||Approx Rs, 46,000/-only per month|
|Specialist Officer||Approx Rs, 6lakh per year.|
|Probationary Officer||Approx Rs, 27,000/-only per month|
|Manager||Approx Rs, 8.5 lakh per year. And etc….|
|Clerk salaries||Approx Rs,15,000/-only per month|
|Senior Manager||Approx Rs, 50,000/-only per month|
|Assistant Manager||Approx Rs.6.5 lakh per year|
|Probationary Officer||Approx,RS.7.5 per year and many more|
Bank of India
|Clerk salaries||Approx Rs. 3 lakh per annum.|
|Senior Manager||Approx Rs. 1 lakh per month|
|Assistant Branch Manager||Approx Rs. 30,000/-only and many more.|
Now the Banks and its designation and salary which are not under IBPS Examination:
Therefore, SBI Bank has ranked the first position in the Government sector.
|Manager (marketing – real estate and Housing)||Rs.42020-1310/5-48570-1460/2-51490/- only||Mandatory: 2 years full time MBA or equivalent diploma.||35 years|
|Manager ( Builder relation)||6 lakh per annum||Mandatory: 2 years full time MBA or equivalent diploma||35 years|
|Manager (Product Dev. & Researchers)||Pay Scale – 42020-1310/5-48570-1460/2-51490||Mandatory: 2 years full time MBA or equivalent diploma||35 years|
|Manager (Risk Mgmt-IBG||Pay Scale – 42020-1310/5-48570-1460/2-51490||Mandatory: 2 years full time MBA or equivalent diploma||37 years|
|Manager (Credit Analyst-IBG)||Pay Scale – 42020-1310/5-48570-1460/2-51490||CA or 2 years full time MBA/ Post Graduate Diploma in Management from a recognized Institute/ University||37 years|
|Senior Special Executive (Compliance)||Rs 15 to 20 Lakhs per annum||Graduation in any discipline as 3 years full time course||37 years|
|Senior Executive-Financial Institution (Correspondent Relations)||Rs 10 to 15 Lakhs per annum.||Full time 2 year MBA/ PGDM or equivalent degree or diploma course.||35 years|
|Senior Special Executive (Strategy-Tmg)||Rs 15 to 20 Lakhs per annum||Full time 2 years MBA(Finance)/ PGDM (Finance)||37 years|
|Senior Special Executive (FEMA Compliance)||Rs 15 to 20 Lakhs per annum.||Full time 2 year MBA/ PGDM or its equivalents/ Chartered Accountant/ CMA||37 years and many more.|
There are more other posts of SBI Bank, such as below:
- Executive (FI & MM) – Rs 6 Lakhs per annum
- Senior Executive (Social Banking & CSR) – Rs 10 Lakhs. And others.
- If you want to appear in SBI bank examination, then you have to fill up the form with Rs. 750/-only but For SC/ST/PWD Candidates need not have to pay fees. So, if you need more information, you can visit the bank website and it is https://sbi.co.in
Axis Bank recruitment process:
However, in Axis Bank, if you want to work you have to follow a few matters such as they keep their age limitation from 21 years to 30 years and you have to get minimum 50% in the graduation. And they check several documents also such as Pan Card, Voter ID, driving License, birth certificate, passport, school leaving certificate and many more. Therefore, you need to know that it is a private bank so; they depend on the candidates’ capability and experiences about the particular posts.
As it is a private bank so, the assistant manager’s earning is approx Rs.22, 000/-only but according to the experiences the person can get Rs.35, 000/-only. So, it is not possible to tell the exact salary of the employees because it is absolutely depended on the experiences, qualification, performance and many more things.
The designation can be like that:
- Assistant manager grade 1
- Assistant managaer grade 2
- Deputy manager grade 1
- Deputy manager grade 2
- Senior manager and so on
Salary is negotiable for all the post because they want the best performance from their employees. They take candidates from 12th standard. It is the lowest qualification. For more knowledge please visit the Bank’s own web site.
|Executive||Approx Rs. 11,000/-only per month|
|Regional Manager||Approx Rs. 8 to 9 lakh per year|
|Wealth Manager||Almost 8 lakh per year|
|Assistant manager||Almost 4 lakh per annum|
|Sales Representative||Approx 1.7 lakh per year|
|Deputy manager||Almost 5 lakh per year|
|Assistant manager||Almost 4 lakh and many more posts are there.|
However in all other private banks have their own process to recruit the candidates. They have their own salary structure and designation. So, I can provide the others private banks such as Kotak Mahindra Bank, HDFC Bank, IDFC Bank (Updated). These all banks almost the same but each and every bank has its own recruitment process and their salary also vary according to the qualification, presentation skills, talents, performance, and of course the best experiences. So, if you want to get banking jobs whatever I have Banks’ name I have mentioned, you have to visit their own web site and you will get all extra information. So, Bank recruitment process is different for the different bank.