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Additionally, there are also the cooperative and rural banks specialized in advancing financial assistance to the hinterlands of the country and assisting in its development. Hence, Indian banking sector is one of the largest and most advanced in the world. As a result, it is also one of the largest employment generators of the country. In fact, the recent performance of the baking sector in terms of employment generation has ranked it at the second position after the booming IT/ITES industry.
Employment in the public sector banks
The 1969 regulation of nationalization of banks have paved the way to create the large public banking sector in India. The public banks in India offers vast employment opportunities in the country and it is regarded as one of the most coveted career options. An employment in the public bank promises of great career growth and monitory security.
The current number of public banks in India stands at twenty seven and each hold their individual exams to recruit incumbents.
Presently the public sector banks in India have a workforce of 0.7 million at various levels of banking. To fill in the large number of retiring workforce the public banks are currently in a recruitment spree. As a result a large number of jobs are expected to come up in the current year.
Public banks are currently recruiting in clerical, junior officers, middle level and senior management level posts. Young graduates now can even enter directly at the Probationary Officers positions in public banks.
Public banks are also having job openings for candidates with specializations in agriculture, economics, IT etc.
Clerks: This is the entry level position available with the public sector banks. The minimum eligibility criteria for clerical position require the incumbents to be of minimum 18 years and maximum 28 years of age with at least 40% marks in graduation.
Officer cadre: Most public banks now are allowing young graduates to apply directly for officer’s position. Different banks have different recruitment criteria but in most cases they demand candidates with at aleast graduation, between the age limit of 21 years and 26 years or above as decided by the bank.
Management level: Increasing numbers of banks are now directly recruiting from business schools to fill in the middle management level positions. To recruit middle level managers the banks are now participating in campus interviews.
The major public sector banks in India are,
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Allahabad Bank
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Andhra Bank
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Bank of Baroda
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Bank of India
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Bank of Maharashtra
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Canara Bank
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Central Bank of India
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Corporation Bank
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Dena Bank
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Indian Bank
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Indian Overseas Bank
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Oriental Bank of Commerce
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Punjab National BankPunjab and Sind Bank
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Syndicate Bank
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UCO Bank
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United Bank of India
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Union Bank of India
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Vijaya Bank
State Bank of India and its associate banks
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State Bank of Indore
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State Bank of Hyderabad
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State Bank of Patiala
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State Bank of Mysore
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State Bank of Saurashtra
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State Bank of Bikaner and Jaipur
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State Bank of Travancore
Employment in the private sector and foreign banks
The liberalized economic policy introduced by the government in early 90s has encouraged many private banks to start operating in the changed economic situation. Many foreign banks namely- HSBC, American Express, Royal bank of Scotland (RBS), Citi Bank, Standard Chartered etc, too have entered the Indian market encouraged by its robust economic performance.
Most of the private and foreign banks prefer to recruit for the junior and mid-level managerial positions from prestigious business schools. For the senior level positions experienced bankers are preferred.
The ICICI bank is one of the largest recruiters in the private banking sector. Following is the list of some of the other private sector banks in India.
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HDFC Bank
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Axis Bank
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Federal Bank
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Centurion Bank of Punjab
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Indusind Bank
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Kotak Mahindra Bank
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Yes Bank
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ING Vysya Bank
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Bank of Rajasthan
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Karur Vysya Bank
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Karnataka Bank
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Jammu & Kashmir Bank
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South Indian Bank
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Bharat Overseas Bank
Current openings in banking sector:
Uttarbanga Kshetriya Gramin Bank
Positions:
(1) Office Assistants (no. 28)
Pay scale – INR 7200 to INR 19300 pm
(2) Officers [scale 1] (no. 34 jobs)
Pay scale- INR 14500 to INR 25700 pm
Deccan Grameena Bank (DGB)
Positions:
(1) Officer [scale 1] (no. 65 jobs)
Pay scale– INR 23098.50 pm
(2) Officer [scale 2] (no.12 jobs)
Pay scale: INR 30904.20 pm
(3) Office Assistants (no. 98 jobs)
Pay scale – Rs.13658 per month
ICICI Bank
Positions:
Probationary Officers (PO)
Pay scale: 4 lacs pa
Pragathi Gramin Bank
Positions:
(1) Officer [scale 2] (no. 32)
Pay scale – INR 30904 pm
(2) Officer [scale 3] (no. 3)
Pay scale– INR 40940 pm
(3) Office Assistant (no. 64)
Pay scale– INR 11506 pm
South Malabar Gramin Bank
Positions:
(1) Officer [scale 1] (no. 47)
Payscale – INR 23100 pm
(2) Officer [scale 2] (no.18)
Payscale– INR 30900 pm
(3) Officer [scale 3] (no. 4)
Pay scale– INR 40940 pm
(4) Office Assistants (no. 43)
Pay scale– INR 11500 pm
Last Updated: 29/09/11
| Latest Banking Jobs in India |
South Indian Bank Limited-KeralaPosted On: 2013-05-17
Organization Name: South Indian Bank Limited
Job Position : Cost Accountants (Pro.Officer-Scale I)
Pay Scale: Rs.14500-25700/-
Eligibility: ICWA
Job Location : Kerala
Last Date : 25-06-2013
Hiring Process : Written-test.
... |
The Ratnakar Bank LimitedPosted On: 2013-05-15
Salary: Not Disclosed by Recruiter
Industry: Banking / Financial Services / Broking
Functional Area: Accounts, Finance, Tax, Company Secretary, Audit
Role Category: Finance/Audit
Role: Credit/Control Manager
Keyskills: Credit Risk, Risk analyst, Approver, Risk officer, Risk & compliance, Credit manager, credit officer
... Surguja Kshetriya Gramin Bank-ChhattisgarhPosted On: 2013-05-14
Organization Name: Surguja Kshetriya Gramin Bank
Job Position : Officers, Office Assistant
Pay Scale: Rs.7200-31500/-
Eligibility: Graduate
Job Location : Ambikapur (Chhattisgarh)
Last Date : 23-05-2013
Hiring Process : Interview
... IndusInd BankPosted On: 2013-05-13
Salary: INR 1,25,000 - 2,25,000 P.A
Industry:Banking / Financial Services / Broking
Functional Area: Sales, Retail, Business Development
Role Category: Corporate Sales
Role: Sales Executive/Officer
Keyskills: Sales, Bank, account opening
... Central Bank of India, IndorePosted On: 2013-05-13
Name of the Government Organization: Central Bank of India
Job Designation: Director/Counselor for FLCC (Financial Literacy And Counseling Centre)
No. of Positions: 1 (One)
Essential: Graduate / Post Graduate degree from a UGC recognized University.
Job Profile: These officers shall be working as “Director/Counselor for FLCC” and have to oversee the overall functioning of FLCC.
... Canara BankPosted On: 2013-05-07
Organization Name: Canara Bank
Job Position : Probationary Officer, Probationary Clerk
Pay Scale: Rs.7200-25700/-
Eligibility: Graduate
Job Location : All India
Last Date : 15-05-2013
Hiring Process : Written-test.
... Central Bank of India Mumbai Posted On: 2013-04-29
Name of the Government Organization: Central Bank of India
Job Number: 01
Job Designation: Dealer
Number of Positions: 10 (Ten)
Pay Scale: Rs. 25700-800/5-29700-900/2-31500
... Indian Bank ChennaiPosted On: 2013-04-29
Name of the Government Organization: Indian Bank
Job Designation: Deputy General Manager/ Assistant General Manager / Chief Manager /Senior Manager
Location of Posting: Chennai
... Punjab & Sind Bank-DelhiPosted On: 2013-04-25
Organization Name: Punjab & Sind Bank
Job Position : Chief Security Officer
Pay Scale: Rs.36200-40400/-
Eligibility: Not Specified
Job Location : New Delhi
Last Date : 13-05-2013
Hiring Process : Interview.
... Central Bank-KolkataPosted On: 2013-04-25
Organization Name: Central Bank of India
Job Position : Director RSETI
Pay Scale: Rs.25000/-
Eligibility: Graduate, Post Graduate
Job Location : Kolkata
Last Date : 24-05-2013
Hiring Process : Interview.
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