Banking Sector-Scope & Growth Opportunities

As soon as any student completed his intermediate class, the first thing he/she wants to know is the job 
opportunities in different sectors.This is obvious too because having a government job is considered as a sign of wealth and respect in our society.There is a bundle of opportunities for every candidate after completing graduation course.From this bundle, we are unwrapping the most liked and having a boom nowadays i.e., Banking Sector.Some 4-5 years ago, the educational qualification asked the candidates for filling the Application form was 12th.But now, almost all Banking Exams stand on Graduation base.The candidates who are really interested in serving the fastest growing economy are suggested to inhale every word of this Article to insert flying colors in their career’s hat.


  Banking Sector-Choose it for Better Future Ahead

The candidates can get entry into banking Sector through many ways.We will discuss it in detail.The very first and basic department which is devoted to recruiting the most eligible bachelors in the Banking Sector is Institute of Banking Personnel Selection which is also famous among aspirants as IBPS.The department held the Exams for recruiting the applicants in 20 major Public Sector Banks at different posts such as Probationary Officer, Specialist Officer, and Clerks.The department is well known for providing the every possible facility for the convenience of the candidates i.e, providing the Exam Center to the nearest, declaring the Result by time, making recruitment within 6 months of the declaration of official notification etc.

Growth & Career Opportunities in Banking Sector

The other method of getting entry into the most prestigious Bank i.e., SBI is preparing for different exams conducted by it at regular intervals.The Bank also recruit the candidates at different posts.Recently also,the bank has invites online Application Form from the graduates for recruiting them at the post of Probationary Officers.The candidates who had done B.Tech also deserve a special post In IBPS i.e., of I.T Officer.

Banks and Possibilities

The same is applicable for the Agriculture candidates too.So the candidates who really want to join this field are advised to keep visiting the official website of all the department responsible for this recruitment.We will also inform the candidates with every possible update.So the candidates can also refer this website for all the details.In case, any candidate wants to know more about the Banking Sector and its growth, he/she should write down to us in the comment box provided below for this purpose.Our experienced team will assist you in the best possible manner.

This Opportunity is not possible in other places. For example,

• RBI Grade “B” officer: Can’t become the governor. That post is reserved for IAS/Exceptionally talented economists such as Raghuram Rajan.
• State services (Class I , Class II): The home Secretary, chief Secretary, DGP = reserved for IAS, IPS are selected.
• Private sector banks: You’ll need a degree in finance/MBA from a highly reputed institute + long work EXP. + right contacts, if you want to become CEO/MD/Chairman.
• SSC-CGL: You join as an Income tax inspector, later promotion to group-A but you can never become Finance Secretary to government of India. That post is reserved for IAS.
• ACIO: you get promotion to Group A, but you can never become DG (Intelligence). Again reserved for IPS.

In other government services, sometimes they ignore you for promotion if you’re too honest/don’t pay the cash to minister. Especially in state services. Banking sector doesn’t have that problem. And even if you’re overlooked for promotion, you always have the opportunity to join private sector bank/consultancy for a decent salary.

• Even if you can’t become MD/CMD, still in the top-management position you’ll get fat salary package and fringe benefits.
• Even after retirement, one can get very high paying jobs in private sector, insurance, finance, NBFC etc. in top positions.
• Privileges attached to PSU Bank officers: Housing, auto loans at much cheaper rates from the cooperative society/festival allowance/ furniture allowance/Newspaper allowance/ Maid allowance, even money to buy suitcase etc. (varies from bank to bank)

CAREER IN BANKING SECTOR

The demand for taking up a career in banking, among young aspirants is rising than ever before!

For a developing country like India, banks are considered as the backbone of the country's economy. The global turmoil in the financial segment that occurred a few years ago had the least effect on our country's banking sector because of our sound banking and financial system. The banking sector in India is growing at a rapid rate and is among one of the fastest growing industry vertical.The rapid advancements and growth in the banking sector has paved way for many banking career opportunities. The banking sector in India is gearing itself and there are much more private banks to come in the near future. All of these bring in huge career opportunities for those who aspire to become future bankers.

Why Opt for a Banking Career?

Bank jobs are backed up by a huge wealth of diversity and almost every vacancy created in a bank incorporates some sort of banking element such as law, accounting, investment banking, taxes, public relations, customer relationship management etc. Moreover a career in banking is international in nature and a number of international and private banks set up in the country have opened up opportunities for the deserving candidates.

or beginners, the banking sector provides an excellent opportunity to develop an understanding of the global economy. It paves the way for identifying various challenges in the marketplace and provides tremendous opportunities globally.

Types of Banks in India

The banks in India can be categorized as following.

• Commercial Banks: The major role of the commercial banks is to enable businesses and entrepreneurs with the financial services. Commercial banks are further categorized into the following.

1. Private Sector Banks
2. Public Sector Banks
3. Regional Banks

• Co-operative Banks: Co-operative banks mostly benefit the rural people like farmers, small scale industries etc. These are controlled and managed by the co-operative societies. These can be further categorized into

1. State co-operative Banks
2. Central co-operative Banks
3. Primary Agriculture Credit societies

• Investment Banks and specialized banks: These provide financial assistance to its customers and provide necessary support like foreign exchange, sales of equities, foreign trading etc. to its customers.

Most of these banks offer better packages today and give a performance and experience based promotion. In case of public sector banks, professionals like engineers, doctors, MBAs and lawyers are appointed based on the results in All India Recruitment Exam. Probationary officers (Bank PO) are also recruited in public sector banks based on the Common Written Examination (CWE) conducted by the IBPS. It is estimated that public sector banks are to employ more than 7 lakh people in the near future.

Preparing for a Career in Banking

There are various positions available in banking sector out of which the two major ones are clerks and probationary officers (P.O.)/ management trainees (M.T.)

Recruitment of clerks in banks

Age limit: 18 years to 28 years
Educational qualification: 60% aggregate marks in 12^th
The qualifying examination is in the form of written examination and it involves multiple choice questions. It consists of a test of reasoning ability and numerical aptitude, test of clerical aptitude, test of English language and test of general awareness The candidates will be selected based on the final merit list and this is jotted down based on the aggregate of marks in written examination and interview.

Recruitment in Officer Cadre

Mostly officer cadre is filled after promotions in clerk positions and at times to meet the rising demands direct recruitment are also done. The minimum age group for entry into officer cadre is 21 years and maximum is 26 years or above as decided by the individual banks. Educational qualification of 55% marks is required in any graduate program from a UGC recognized university. The qualifying test for probationary officers includes data interpretation and logical reasoning, general awareness, English and verbal reasoning.

Other Career Options in Banking Sector

Other opportunities available in banking sector are financial managers, Bill and account collectors, bank tellers, loan officers, financial service representatives, book keeping and audit clerks.

BRAIN STORMING MATHS FOR DIFFERENT COMPETITIVE EXAMS (SBI ,IBPS ,GRE,BANK PO EXAM)

                                                         

                             Ratio and Proportion

1. The weight of a circular disc varies as the square of the

radius when the thickness remains the same. It also varies as

the thickness when the radius remains the same. Two discs

have their thickness in the ratio of 32 : 9, find the ratio of their

radii if the weight of the first is half that of the second.

2. When a body falls from rest its distance from the starting

point varies as the square of the time it has been falling. If a

body falls through 122.60 m in 5 sec, how far does it fall in 10

sec?

3. The ratio of annual income, savings and expenditure of

Ramesh and Suresh are 7:5, 11:9 and 3:2 respectively. If the

combined saving per year of both is Rs 10000, find the annual

income of Ramesh.

4. The duration of a railway journey varies directly as the distance

and inversely as the velocity. The velocity varies directly

as the square root of the quantity of coal used per km

and inversely as the number of carriages in the train. In a

journey of 50 km in half an hour with 18 carriages 100 kg of

coal is required. How much coal will be consumed in a journey

of 42 km in 5.6 minutes with 16 carriages?

5. In a certain examination, the number of candidates who passed

was four times the number of those who failed. If there had

been 35 fewer candidates and 9 more had failed, the ratio of

passed candidates to failed candidates would have become

2:1. Determine the total number of candidates.

6. Dash and Raju earn in the ratio of 5 : 2. They spend in the

ratio of 3 : 1 and save in the ratio of 2 : 1. Find the monthly

income of each if the total yearly savings of both Dash and

Raju together is Rs 108,000.

7. Cost of diamond varies as the square of its weight. A diamond

broke into four pieces with their weights in the ratio of

1 : 3 : 4 : 5. What is the price of the original diamond if the loss

in the total value of the diamond amounts to Rs 118,000?

8. The duration of a railway journey varies directly as the distance

and inversely as the speed. The speed varies directly

as the square root of the quantity of coal used per km, and

inversely as the number of carriages in the train. In a journey

of 50 km in half an hour with 18 carriages, 100 kg of coal is

required. How much coal will be consumed in a journey of 42

km in 5.6 minutes with 16 carriages?

9. If in an election in which each elector may vote for two candidates,

half of the voters vote for A and divide their second

votes among B, C and D in the ratio 3 : 2: 1; of the remainder,

half vote for B and divide their second votes between C and

D, in the ratio of 2 : 1; of the remainder, half vote for C and D.

Finally, 840 votes was not given to any candidate. How many

votes does each candidate get?

10. Children, women and men were employed in the ratio of 1:2:3

for doing a job. Their wages were fixed in the ratio of 4:5:6. If

the number of men employed is 30 and total daily wages paid

to all is Rs 4000, find the daily wages of a child, a woman and

a man

DIFFICULT WORDS MEANING AND ANSWER OF CLOSE TEST

                                                   





                                                 MEANINGS OF DIFFICULT WORDS
  



Unruly = not easy to control or manage 

Marshy = wet and muddy

Inhospitable = not giving a friendly or polite
welcome to guests

Susceptible = easily influenced or harmed by
something; sensitive


Exorbitant = much too high or great;

Scant = hardly enough; not very much


Primitive = of or at an early stage of social development




                                     ANSWER OF CLOSE TEST

1. 1          2. 3      3. 2       4. 2     5. 4


6. 5          7. 3      8. 5       9. 4    10. 2

CLOSE TEST

                                                        CLOSE TEST

A good percentage of the population of India is
tribal. The tribals live in the hills and forests of the
country and have been little  (1)  by the   (2)  currents of
the plains. Practically all the states of India have their
tribal population. The tribes are numerous, computed
to be about 200, some living in  (3)  regions in dense
forests, and others on the borders of villages. Some
tribes are  (4)  to a few souls, while others like the
Santhals, run into millions and are steadily  (5)  in
numbers. During the British period some of them were
known as ‘criminal tribes’ for they showed (6) respect
for the Indian Penal Code. After independence they
have been named Scheduled Tribes. Under modern
conditions isolation, however, has become  (7)  and the
hill tribes are getting  (8) . The cultural traffic is twoway.
Social reformers are taking civilization to the
hills, and the tribes,  (9)  their old occupations of
hunting and  (10)  farming, are settling in villages,
towns and cities as labourers and industrial workers.

1. 1) affected 2) domiciled
3) motivated 4) deprived
5) favoured 

2. 1) financial 2) proud
3) cultural 4) unruly
5) swift

3. 1) comfortable 2) marshy
3) wild 4) unpopulated
5) inhospitable

4. 1) devoted 2) confined
3) susceptible 4) related
5) attached

5. 1) constant 2) deteriorated
3) developing 4) increasing
5) decreasing

6. 1) abundant 2) genuine
3) superficial 4) exorbitant
5) scant

7. 1) crucial 2) necessary
3) difficult 4) convenient
5) indispensable

8. 1) civilized 2) demoralised
3) wiped-out 4) entertained
5) reduced

9. 1) escaping 2) with
3) enhancing 4) leaving
5) continuing

10. 1) productive 2) primitive
3) profitable 4) cultivable
5) scientific