TODAY -

Career options in banking

Ranjan K Baruah *



Many students ask me about careers in banking and financial sectors. They ask how one can join banks as they have seen many joining banks recently as PO or other staffs.

We are aware of the importance of banks and its importance has increased after demonetization last year. We have seen the banks are busier than before after demonetization in India. There are hardly any person in the country without a bank account now which shows the importance of banking and career associated with it.

Banks play an important role in our day-to-day life as they are the organisations that take care of the money of individuals and organisations. After economic liberation there has been progress in banking as many private banks whether national or international are being operated in our country.

Establishment of banks means bringing new opportunities for young people and all those who are qualified for banking. In India, the banking system was introduced in 1786 with the establishment of General bank and the Bank of Hindustan, which are now out of date. In 1806, East India Company established Bank of Calcutta which later became Bank of Bengal, and Bank of Bombay and Bank of Madras in the respective years of 1840 and 1843.

These three banks were merged in 1921 to form the Imperial Bank of India and after independence it was nationalized and became the State Bank of India (SBI) which is the oldest bank in India. The oldest Joint Stock bank in India, Allahabad Bank was started in 1865 and in 1894 the Punjab National Bank; the first complete Indian bank was established.

Thereafter, a number of banks came up such as the Bank of India, Central Bank of India, Bank of Baroda, Canara Bank, Indian Bank and Bank of Mysore between the years 1906 and 1913. The Reserve Bank of India (RBI) was set up in 1935 and as per the Central Banking Authority; the RBI has got the powers for the supervision of banking in India. Apart from government or nationalised banks there are also private banks which are operating in many parts of India.

Banking has grown as there has been progress in the field of information and technologically. Now things are done through technology so now technical persons are also required in banking sector apart from their professionals. Banking is a career with great opportunities.

Candidates after 10+2 of any stream can take up banking as their career, but graduates specialized in Commerce, Mathematics or Economics; post graduates, Chartered Accountants and Chartered Financial Analysts get more preference.

Communication knowledge and idea related to technology always helps the candidate who is aspirant for the job in banking sector in the country or in abroad. Nationalized banks recruit candidates through competitive examinations while private banks recruit candidates with MBA degree or Chartered Accountants directly.

Selection depends upon the qualification of the candidates. International banks usually go for experienced candidates for managerial posts. Public sector banks recruit graduates at the entry level (as probationary officers) on the basis of an All India Level examination.

All India Test for professionals (for senior post) who wish to enter the banking profession is being conducted. Bank Clerical Grade Examination is held for the clerical posts in banks. The Banking Service Recruitment Boards recruits for various posts in the nationalized banks (including State Bank of India) in their respective regions.

The Reserve Bank of India, the topmost financial institution in India conducts tests for three types of entry level positions like clerical grade; for Grade I officers and Grade II officers.

We shall write more options and opportunities related to banking in our next edition.


* Ranjan K Baruah wrote this article for The Sangai Express
The writer is a career mentor and can be contacted at bkranjan(AT)gmail(DOT)com
This article was posted on December 06, 2017.


* Comments posted by users in this discussion thread and other parts of this site are opinions of the individuals posting them (whose user ID is displayed alongside) and not the views of e-pao.net. We strongly recommend that users exercise responsibility, sensitivity and caution over language while writing your opinions which will be seen and read by other users. Please read a complete Guideline on using comments on this website.




LATEST IN E-PAO.NET
  • Aerial view from Chingmeirong : Gallery
  • Governor's Taekwondo Cup: Gallery
  • Entrepreneurship in the context of Manipur
  • Face scrubs to avoid dirt this summer
  • Ah, me - Now Happy, Now Sad :: Poem
  • Rio assures of co-existence with neighbours
  • Nandeshwore- President, Manipur, RJSP
  • 'PDA Govt is functioning smoothly'
  • SC voices displeasure at defence ministry
  • Manipur NPF differs with Shurho over BJP
  • Khangkhui Cave, Ukhrul #2: Gallery
  • Chhungthianhoih, Agui :: eMing
  • Identity crisis : @Somorendra Lecture
  • Reflection on Tour of Dubai & Abu Dhabi #2
  • Khangminashi - II : Report
  • Globalization & its impact on our culture
  • District Demand 2011-2018 :: Timeline
  • Dishonouring the Constitution of India
  • From EVM to floor test Onus on BJP
  • Curtain Raising- Sangai Fest 2017: Gallery
  • 4th MCA Plate Tournament : Gallery
  • International Nurses Week #1
  • Story of Silence : @Somorendra Lecture
  • Apiculture (bee-keeping) #2
  • Khangminashi - II : Invitation at Thoubal
  • IBSD-ILS Centre set up in Bhubaneswar
  • Of 3 Ws - Beware
  • Forming the Govt : Office of Governor
  • Lainingthou Lai Lam thopka #2 : Gallery
  • Manipur Fight League Season 1 : Gallery
  • Prison Diary of Lamyanba NK Sanajaoba #3
  • Rights of indigenous people & merger
  • Manipur's tryst for a native Chief Secretary
  • Marxji, Modiji & Birenji
  • Naga Peace Process :: News Timeline
  • Reasoning without disparities
  • Regulate movement of auto rickshaws
  • Healing Touch: A case of still to outreach
  • Re-visiting Khangkhui caves in Ukhrul
  • Sandrembi Cheishra :: Book Review
  • Homecoming & Other Stories :: Review
  • Kuki-Zomi Insurgency in Manipur #2
  • Cry of a Dying River - 29 :: Poem
  • Shija Hospitals MOU for RBSK Nagaland
  • Are we waiting for the "Go-dot"
  • Understanding with KSO : Reaching to all
  • NNC observes 67th Naga plebiscite anniv
  • Event on martial art ends
  • Garlic Festival @ Ukhrul #3 : Gallery
  • Dr. Cesarczyk drizzled harmonics in the rain
  • Tlanglhungbung Leikol - Tourist destination
  • Manipulative skill pays in usurping power
  • Khonzel TV : New Manipuri Streaming TV
  • Naturopathy as career option
  • Free Eye Camp at Wangoo
  • Khongjom Day: OK to observe on Apr 23, but
  • Outside Manipur after Class XII
  • TRAU Vs Langsning FC : Gallery
  • Ngasepam Nalini : State Akademi Award
  • Construction of Ima Keithel
  • Inner Line Permit (ILP) Demand :: Timeline
  • Dreaming :: Poem
  • Test for dengue fever
  • Home Coming & other Stories : Book [upd]
  • Eco Tourism as alternative to Timber Trade
  • Go to Village - boon .. but a scourge for PRI
  • Citizenship Bill ... on basis of religion!
  • Gardening @Ema Keithel #2: Gallery
  • Front Page Photo 2018 #2: Gallery
  • Course in Book Publishing at IGNTU, Kpi
  • Reflection on Tour of Dubai & Abu Dhabi #1
  • Gurudev :: Poem
  • Counseling to Delhi University Aspirants
  • Poumai Purul Hiimai Paoki #1 : Gallery
  • Eyek Tamba :: Learn Manipuri script
  • Apiculture (bee-keeping) #1
  • Entrepreneur find ways to recycle plastic
  • Social impacts of Mapithel dam
  • Cyber crime defined: The Bhopal case
  • Timber banned but no ban on firewood
  • Traffic chaos : Regulate not ban entry !
  • Cheiraoba Thabal by LGBTQ #2 : Gallery
  • Culturals @Shirui Lily Fest : Gallery
  • Kuki-Zomi Insurgency in Manipur #1
  • Civil Service as a career option
  • The plight of education in Manipur
  • Appeal to Stop Oil Exploration
  • TechExpo at IIT Guwahati
  • Awaiting- a light at end of the tunnel
  • Wanted : Responses not reactions
  • Kabo Valley: A brief history
  • 'Autonomous Naga council'- a major hurdle
  • Cry of a Dying River - 28 :: Poem
  • Admission :: SAIRAM college at Patsoi
  • Khangminashi :: Lecture series at KKT
  • CASO conducted at Mantripukhri
  • PRI & the Mission- "Go to Village"
  • Final pact likely soon : Stand of CSOs
  • Pakhangba Cheng Hongba #2 : Gallery
  • Steelheart @ Shirock , Ukhrul #3 : Gallery
  • The Killing Fields - 2013-18 : News Timeline
  • A village "wall" a destruction for others
  • Thank you Mangaal Rural...
  • Lack of proper investigation- minor girl case
  • Nagaland Cong shelved plans to contest LS
  • Employment drive through Afforestation
  • Bid to attract the brightest
  • A. Halim Chowdhury: A Profile
  • Gardening @Ema Keithel #1: Gallery
  • Occupational hazards of journalists
  • Election: The greatest weapon of the people
  • Community Gardening in memory of Belinda
  • Politicians need a thorough headbanging
  • Beauty essentials for your holiday
  • NPF will not attend meeting..
  • A view on "Go to Village" Mission
  • Littering Shirui peak after Lily Fest
  • Polo ground & institute in Manipur
  • Khangkhui Cave, Ukhrul #1: Gallery
  • Dance competition @MANFETE #2 : Gallery
  • Bracing for monsoon madness
  • When I'm sick :: Poem
  • 1949: Story of India's Takover of Manipur
  • You can't defile a Judge like that
  • Legal provisions for misusing Social Media
  • Bill for non-local: Need to learn from 2015
  • Heart OPD Camp at Youth Club Brahmapur
  • Flood in Imphal [06 May ] : Gallery
  • Gudui Ngai @ Ragailong : Gallery
  • Ode to Inle (in Myanmar) #2
  • AFSPA Repeal from Meghalaya, Arunachal
  • Reclamation of eutrophicated water bodies
  • Hey smartphone! Free me from your spell
  • Job Positions at VITSOFTS, Canchipur
  • Lainingthou Lai Lam thopka #1 : Gallery
  • Phumdigi Tantha Dance Drama : Synopsis
  • Speaker List at Seminar on Atomic Energy
  • The making of village republics
  • The Sunset Blues :: Poem
  • Rio for development on eastern corridor
  • Welcomes decision on mini hornbills
  • Good show only from Imphal
  • 'ZB (AMN) President creating confusion'
  • Zeme Nagas aggrieved at 'non-inclusion'
  • Class XII Exam Toppers : Gallery
  • Prison Diary of Lamyanba NK Sanajaoba #1
  • Communal Harmony in a Multicultural ..
  • Community Gardening Event at Ema Keithel
  • Usurped Domain
  • Fruit stalls : Who gave them the license ?
  • 60 best social media practices
  • Pakhangba Cheng Hongba #1 : Gallery
  • Class XII Result : Science Toppers
  • Class XII Result : Arts Toppers
  • Class XII Result : Commerce Toppers
  • HSE Result 2018 : District Wise
  • HSE Result 2018 : Highest Marks
  • HSE Result 2018 : Science Stream
  • HSE Result 2018 : Arts Stream
  • HSE Result 2018 : Commerce Stream
  • Scholarship for Civil Aspirants : Gallery
  • The Streets Of Imphal
  • Civil Aspirants Scholarship Announcement
  • Vandalizing of fruit seller- protecting identity
  • Free Heart OPD Camp at Manipur University
  • Go to Village Mission: Another first for Govt
  • Khongjom Day - April 23 #2 : Gallery
  • 16 out of 18 clears IIT/JEE Mains
  • RIST Talk-36 : Enchanting Light of Firefly
  • Cry of a Dying River - 27 :: Poem
  • World Veterinary Day - 2018
  • Halt oil exploration work in Manipur
  • Snakebites and Uniformed Saviours
  • SRDP funds: NDPP calls for investigation
  • National PR Day at Guwahati
  • The only way towards salvation
  • Haudonggi Lamchat :: Funga Wari
  • Mukada: Eroding Festival of Kharam Tribe
  • Steelheart @ Shirock , Ukhrul #2 : Gallery
  • 'Go To Village mission' launched at Yaiskul
  • Quality assurance management as career
  • Test for Human Papilloma Virus (HPV)
  • UCM, MPP making clear their stand
  • Kh Sanjita & Saikhom Mirabai :: Gallery
  • May Calendar for Year 2018 :: Tools
  • How India Restrain NE Extremist Outfits
  • Liangmai disassociate from Zeliangrong #2
  • Climbing the Shirui Hills #1 : Gallery
  • NE Guide to Thailand : Gallery
  • Prof N Irabanta : Doyen of Aerobiology
  • Paintings @Imphal Art Camp : Gallery
  • Opening: Shirui Lily Festival : Gallery
  • Floral tributes to PLA members #3 : Gallery
  • Ode to Inle (in Myanmar) #1
  • Steelheart @ Shirock , Ukhrul #1 : Gallery
  • TRAU Vs Bengaluru FC #2 : Gallery
  • 'HUN' Thadou Cultural Festival #2 : Gallery
  • Khongjom Day - April 23 #1 : Gallery
  • Northeast Indian Guide to Thailand
  • Teinem Luira Phanit #2: Gallery
  • Naorem Kalimohon Singh : A Profile
  • Cheiraoba @ Kolkata : Gallery
  • Cheiraoba Chak Katpa [14 Apr] : Gallery
  • Md Awaysh Khan: Mr. India : Gallery
  • Mahesh Thounaojam #2 : eRang Photos
  • Mnipur Ima :: Seireng
  • Tributes to Khelen Thokchom : Gallery
  • Sanakhya Ebotombi Haorokcham: Biography
  • PM Narendra Modi @Imphal #2 : Gallery
  • Enakta Leiringei (Film) #2 :: eRang
  • Temples of Manipur : Gallery
  • Recipients of Akademi Awards for 2014
  • Old Manipuri Movie #1 :: eRang Classic
  • SPONSORED ADS