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Showing posts with label banking jobs. Show all posts
Showing posts with label banking jobs. Show all posts

18 June 2019

Getting Ready for Upcoming Career Opportunities in Banks -How and Why to Prepare for Banking Careers in India


GETTING READY FOR UPCOMING CAREER OPPORTUNITIES IN BANKS
How to Prepare for Banking Careers in India

There are few prestigious careers in the country which are possible with a qualification as simple as graduation. One is Civil Services for which the process is conducted by the Union Public Service Commission (UPSC) every year. The other is a career in government-owned banks which may be possible by qualifying in the Bank written examination conducted by the Institute of Banking Personnel Selection (IBPS) and SBI. This employment article is about the latter. Banks in India, particularly the government-owned (Public Sector) banks provide an excellent career option for young people, so there is no surprise that more and more young people are drawn towards them for a meaningful and long-lasting career. When a small survey was conducted amongst jobseekers to understand why they are keen to join a government bank, the following points were made most commonly:

- The eligibility norms are simple
- The selection process is completely transparent, democratic and fair
- The selection process is completed in a time bound manner
- The service conditions are well defined with pay, allowances and other benefits to the employees
- There are good opportunities for promotion
- In our social structure working in a bank is considered much prestigious
- Opportunities are available across the country

Getting Ready for Upcoming Career Opportunities in Banks


Few other positive observations were also made. But whatever has been said above should be enough to consider banking as a career for those who possess the required aptitude.

The way banks have expanded their network in the country has few parallels in the world. In July 1969, 14 major banks of the country were nationalized. The next phase of nationalization happened in 1980 when 6 more banks were nationalized. Banks were asked to play a major role in socio-economic development of our nation. A large number of bank branches were opened in villages and in other far-off areas which have been hitherto unrepresented in banking facilities. After the merger of Dena Bank and Vijaya Bank in Bank of Baroda, now there are 18 nationalized banks.

Regional Rural Banks came into existence through an ordinance issued in the year 1975. This ordinance was replaced by Regional Rural Banks Act in 1976. After reorganization now there are about 55 RRBs in the country.

Since a large number of people work in these (public sector/regional rural) banks, there is a regular turnover of employees. A number of employees superannuate, many get promoted to higher positions and few moves to other organizations. To fill the gap so caused, these banks have to recruit fresh people periodically and therein lies the opportunity for our young friends who want to have a career in banking.

Basically, banks have three levels of employment for freshers-subordinate staff, clerks, and officers. There are very limited vacancies for subordinates' position and selection doesn't take place on all India basis. So, in this article, we're going to cover the selection process for general banking officers and clerks only. A major segment of these employees in banks, directly attends to customer requirements. A smaller section is involved in back-office activities, general or remote administration etc.

There are separate examinations for RRBs and PSBs under the aegis of IBPS. Again the selection process for both clerks and officers is segregated for both set of the above banks. Please note that the selection test for State Bank of India is conducted separately.

In RRBs clerical positions come under group 'B' with the nomenclature of 'office assistant multi-purpose'. The eligibility criteria for both clerks and officers is a bachelor's degree in any discipline and proficiency in local language as prescribed by the participating RRB/s. Working knowledge of the computer is desirable. In the case of officers position in RRBs, those having a degree in Agriculture/ Pisciculture/ Agricultural marketing and cooperation/Animal husbandry/ Forestry/Veterinary science/ Horticulture/Agricultural marketing/ Agricultural engineering/ Accountancy/ Law/Management or information technology.

The recruitment examination is divided into preliminary and main examination both for clerks and officers. The preliminary examination for clerks have questions from reasoning and numerical ability. For officers, it is reasoning and quantitative aptitude. In all 80 questions are to be attempted in composite time of 45 minutes.

The main examination for clerks contain questions relating to reasoning, numerical ability, general awareness, English and Hindi language and computer knowledge. For officers, the section of numerical ability is replaced by quantitative aptitude.

For public sector banks the preliminary examination for clerical positions is conducted with questions in English language, numerical ability, and reasoning ability and the main examination consists of general/ financial awareness, general English, reasoning ability and computer aptitude. The number of questions in preliminary examination is 100 with a time of 1 hour. In the main examination, 190 questions are to be answered in 160 minutes.

For officers posts in public sector banks the preliminary examination has three sections of English language, quantitative aptitude and reasoning ability. The main examination is in reasoning and computer aptitude, general/ economy/ banking awareness, English language, data analysis and interpretation.

Tests may have a similar name but structure and difficulty level of the question may vary depending on the position for which the exam is conducted and whether it is a preliminary or main examination.

Only those who qualify in the preliminary examination are intimated to appear in the main examination. The candidate has to secure minimum marks in each segment. The cumulative score has to be higher to stand in the merit list. In the case of officers, for successful candidates in the main examination, there is an interview. For clerical positions, there is no interview, as per government guidelines issued about two years ago.

Test details and strategy for preparation

Reasoning: Reasoning questions are mainly about common sense and logical thinking. The idea is to test candidates' analytical and logical reasoning skills. You will be asked to interpret statements, data, and information to arrive at conclusions. Here your conceptual and theoretical knowledge has no role to play. The thinking has to concentrate on the question only. You should make sure that your biases or personal beliefs don't come in between and are kept aside. Questions relating to reasoning are in different forms such as arrangements, critical reasoning, visual reasoning, data sufficiency/insufficiency, syllogism, odd man out, completing the series.


Numerical ability: How to make sense of numbers is the key theme in the questions pertaining to numerical ability. You may expect simple arithmetical problems and complicated calculations under this section. Areas of expected questions are simplification; average; percentage, time, speed and distance, number series; profit and loss, simple and compound interest; ratio and proportion, time and work etc. To prepare for this section you have to revisit your maths syllabus of matric i.e. 10th standard. Recall the formulae and clarify your concepts of BODMAS etc. Strong foundation in mathematics will be of immense help here. With some efforts you can score very well in this section, increasing your overall score which is crucial to put you in the merit list.

Quantitative aptitude: Quantitative aptitude covers numerical ability and focuses upon solving quantitative problems. Based on the given data/inputs you'll be required to find the correct answer. There may be a few questions for which sufficient data wouldn't be there to answer. Once you're sure about this, you should choose the option conveying this. The syllabus includes the topics narrated under numerical ability above. Add to this questions on topics like partnerships, boats and streams, volume and surface area, price after discount, age, mixture, train etc. Expect more of descriptive problems here. Try to familiarize yourself with all sorts of questions expected in this section and learn to solve these methodically. You may have a good understanding of theories behind the questions but more important is to apply those theories in solving lot of questions so that you get a knack of these.

General awareness: This section intends to test your knowledge about important facts and milestones about India and the world. Questions may relate to History (important dates/ milestones etc.), Geography (countries, capitals, cities, mountains, rivers etc.), Science (inventions, inventors, definitions etc.), Literature (books/authors), Art, Entertainment (film/theatre etc.), Sports (tournaments, championships, records, winners, venues etc.), important personalities, important events, international bodies, acronyms and other topics. Like it is always said general awareness has no boundaries and thus it appears to be difficult to be fully prepared for this. Still it is advisable to make your preparation as extensive as possible. To do well in this section you may build your own reference source in the form of a diary.

Financial awareness: Banking and finance are closely related. This section will have questions related to the national and global economy, financial institutions, corporate world, stock market etc. To prepare for this section you have to focus on concepts as well as financial data. For example, you need to know what is inflation and what has been the inflation rate recently. You may refer to one or more financial newspaper to prepare well.

Banking awareness: This particular section will have questions from banking world relating to different types of banks (public, private, cooperative, payment, development, small), banking regulator, basic /generic banking products and services, the purpose of bank nationalization, bank mergers, issues, and challenges before banks, government schemes implemented through banks, Micro, Small and Medium Enterprises, bancassurance, monetary policy etc.Government policy announcements, financial inclusion, financial literacy, role of NABARD/SIDBI etc. Visit the Reserve Bank of India website to obtain valuable input about most of the above.

English / Hindi language: There are many similarities in the pattern of questions in language papers. One set of questions may be based on comprehension passage. You have to read the passage carefully and then answer the questions according to what is stated in the passage which may be different from general opinion and observations. Some of the questions may be in negative form. (e.g. according to the passage which is not the right solution for _____. In sentence based questions a sentence will be divided in four parts and you'll be required to find if there is any mistake in a particular part. If there are no mistakes, you've to mark your answer accordingly. Where jumbled sentences of a paragraph are given the candidate has to find the correct order. In another type of question, a statement will be made and you have to choose from options the statement which matches with the idea. Questions, where you've to provide correct antonym/synonym, may also be there along with questions relating to idioms and phrases. Fill in the blanks from given options may also need to be attempted.

For officers, in the main examination there is a section of Subjective English of 25 marks in which there would be two questions - one of essay writing and other of letter writing. It would be better if you choose a few themes to practice for this section. Review the letter and essay written by you to see where improvements are needed. Also, show these a couple of other people who can give you constructive feedback. Go through sample essays and letters in a good book on General English.

Start reading national newspapers, magazines, if you're not already in habit of this. There will be some new words. Find out their meaning and see how these words have been used. You may also explore the synonyms and antonyms of these words. Your mind should also be on sentence formation and on the sequencing of the statements in case of long sentences.

Increasing your knowledge of English by learning new words will help you. Every day choose 5-10 unfamiliar words from a dictionary or other sources, write their meanings and refer to these whenever you get time. In this way, you may learn a lot many new words.

Computer knowledge: This test has been added a few years ago. Today's banking widely uses computer applications and programs. As such candidates joining banks are expected to have at least some affinity with computers. Questions under this section may relate to hardware basics (input, output, storage devices ), Windows program (MS Office etc.) features, software and desktop applications, keyboard shortcuts, internet, intranet, networking, database, cyber security etc.

You may have practical knowledge of computers and the internet which of course would help. However, you need to make additional preparation for which you should refer to the glossary of Windows, internet and computer applications etc. Learn about shortcut keys. Also, it's advisable to go through Help/Support page of Windows

This computer test is not to check your technical expertise, rather your awareness about basic computer usage is judged.

Data Interpretation: In this section usually a situation full of data is given. The candidate is required to read the situation closely and then answer all the questions related to it. For one situation there may be 2 to 10 questions. Here the biggest challenge is to read and understand the situation right. Then the possibility of giving correct answer increases. The situation may be in the form of text, tables, pie charts, bar graphs, line graphs etc. So you should be ready to see questions from multiple forms of situations.

22 July 2017

Corporation Bank Recruitment 2017–Manager (Law)


Corporation Bank Recruitment 2017–Manager (Law)
Graduate Pass Govt Job
Corporation Bank Recruitment 2017–Manager (Law)
Cooperative Bank Limited is going to recruit fresher candidates in India for Manager (Law) Posts. So, those candidates who are willing to work with this organization they May apply for this post. Last Date of Apply 05-August-2017. Total numbers of vacancies are 20 Posts. Only those candidates are eligible who have passed LL.B degree from a University/Institution /Board recognised by Govt. of India/approved by Govt. Indian citizen having age in between 21 to 35years can apply for this Cooperative Bank Limited Recruitment 2017.
Those who are interested in these Cooperative Bank Limited jobs in India and meet with the whole eligibility criteria related to these Cooperative Bank Limited job below in the same post. Read the whole article carefully before applying.

Department Name: Cooperative Bank Limited Recruitment 2017

1)   Post Name: Manager (Law)
 No. of Vacancy: 20Posts
Pay Scale: Rs.31705-45950 /-

Vacancies Filled Under this Cooperative Bank Limited Recruitment 2017: 20 Posts

Eligibility Criteria for These Bank Jobs
Educational Criteria: Only those candidates are eligible who have passed LL.B degree from a University/Institution /Board recognised by Govt. of India/approved by Govt.

Nationality Criteria: Only Indian Citizen can apply this Graduate Pass job

Age Criteria: Candidates age limit should to be possess minimum age 21 years & maximum age 35 years.

What is the Process for Selection this Bank job?
 Applicants who meet with all eligibility criteria related to these Graduate Pass jobs will be selected on the basis of their performance in various round of selection. The various rounds of selections are as follow:
1: Selection will be held on Written Exam.
2: Selection will be held on Oral Test.
3: Selection will be held on Interview.

What is the Application Fee for these Bank Jobs in India?
1: Candidates For SC/ST/PWD/EXSM: Rs. 100/-
2: For All Others: Rs.600/-
The payment can be made by using Debit Cards (RuPay/Visa/MasterCard/Maestro), Credit Cards, Internet Banking, IMPS, Cash Cards/ Mobile Wallets.

What is the Procedure to Apply These Bank Jobs
The Process for applying these Graduate Pass jobs in India is to apply online. There is no other way to apply these Government jobs. Below we also share the direct official link to apply. We advise all interested candidates to click on that link for online application form.


Dates TO Remember
05th August. 2017 is the last date for online process

Official link

Important links

23 December 2016

ICICI Bank PO Recruitment 2017 in India

ICICI Bank PO Recruitment 2017 in India
Graduate Pass Govt Job
ICICI Bank (Industrial Credit and Investment Corporation of India) is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra, India with its registered office in Vadodara. ICICI Bank is going to recruit fresher candidates in India for Probationary Officers Posts. So, those candidates who are willing to work with this organization they May apply for this post on or before 31-Dec-2016. Total numbers of vacancies are Not Mention posts. Only those candidates are eligible who have a passed Graduate Degree from any recognized University. Indian citizen having age in between 18 to 35 years can apply for this ICIC Bank Recruitment 2017.
Those who are interested in this ICIC Bank jobs in India and meet with the whole eligibility criteria related to this ICIC Bank job below in the same post. Read the whole article carefully before applying.


ICICI Bank PO Recruitment 2017 in IndiaDepartment Name: ICICI Bank Recruitment 2017

Job Details

1) Post Name: Probationary Officers
     No of VacancyNot Mention
     Grade Pay: Rs.16345 /-

Vacancies Filled Under this ICICI Bank Recruitment 2017: Not Mention Post

Eligibility Criteria for These ICICI Bank Jobs in India
Educational Criteria: Only those candidates are eligible who have a passed Graduate Degree from any recognized University

Nationality Criteria: Only Indian Citizen can apply this Bank job

 Age Criteria: Eligible Candidates Applicant age should be between 18 to 35 Years as on01- Aug-2016. Age relaxations will be applicable as per the rules.

What is the Process for Selection this ICICI Bank job?
 Applicants who meet with all eligibility criteria related to these Bank jobs will be selected on the basis of their performance in various round of selection. The various rounds of selections are as follow: Written Test & then Shortlist.

What is the Procedure to Apply These ICICI Bank Jobs?
The Process for applying these Bank in India is to apply online. There is no other way to apply these Government jobs. Below we also share the direct official link to apply. We advise all interested candidates to click on that link for online application form.

Dates TO Remember

30th Dec. 2016 is the last date for online process

Important links


03 December 2016

Punjab State Cooperative Agricultural Bank Recruitment 2017

State Cooperative Agricultural Development Bank Limited Recruitment 2017
 +12 Pass Govt Job & Graduate Pass Govt Job
Punjab State Cooperative Agricultural Bank Recruitment 2017
Cooperative banking is retail and commercial banking organised on a Cooperative basis. Cooperative Banking institution takes deposits and lend money in most parts of the world. SCADBL is going to recruit fresher candidates in India for Manager, Information Technology Officer, Field Officer, and Clerk cum Data Entry Operator Posts. So, those candidates who are willing to work with this organisation they May apply for this post on or before 16-Dec-2016. Total numbers of vacancies are 191 posts. Only those candidates are eligible who have a 50% Marks/Equivalent Grade in MCA/M.Sc. Information Technology/M.Sc. Computer Science from a recognised University OR 55% Marks/Equivalent Grade in B.E./B.Tech./B.Sc. Engineering Degree from a recognised University in Computer Science/ Information Technology/ Electronics & Communication Engineering. Indian citizen having age in between 18 to 45 years can apply for this SCADBL Recruitment 2017.   Those who are interested in these Bank jobs in India and meet with the whole eligibility criteria related to these Bank job below in the same post. Read the whole article carefully before applying these India job.


Department Name: State Cooperative Agricultural Development Bank Limited Recruitment 2017

 Post Name:  Manager
No. of Vacancy: 20 Posts
Pay Scale:   Rs. 10300- 34800/-
Grade Pay:  Rs.4400 /

Post Name: Information Technology Officer
No. of Vacancy: 11 Posts
Pay Scale:   Rs. 10300-34800/-
Grade Pay:  Rs. 3800/

Post Name:  Field Officer
No. of Vacancy:  80Posts
Pay Scale:   Rs. 10300-34800 /-
Grade Pay:  Rs. 3200 /-

Post Name:  Clerk cum Data Entry Operator
No. of Vacancy: 80 Posts
Pay Scale:  Rs. 10300-34800 /-
 Grade Pay: Rs.3200/-

Vacancies Filled Under this State Cooperative Agricultural Development Bank Limited Recruitment 2017:191 Post

Eligibility Criteria for These Bank Jobs in India
Educational Criteria: For Manager: B.Com. /B.Sc. Agriculture with minimum 60% marks from any recognised University OR M.Com/M.Sc Agriculture or Economics/MBA from any recognised University/C.A. and must have passed Punjabi examination of minimum Matriculation Standard.
For Information Technology Officer : 50% Marks/Equivalent Grade in MCA/M.Sc. Information Technology/M.Sc. Computer Science from a recognised University OR 55% Marks/Equivalent Grade in B.E./B.Tech./B.Sc. Engineering Degree from a recognised University in Computer Science/ Information Technology/ Electronics & Communication Engineering.
For Field Officer & Clerk cum Data Entry Operator : Bachelor’s Degree from a recognised University or Institution and Computer Information Technology Course equivalent to ‘O’ Level Certificate of National Institute of Electronics & Information Technology (NIELIT) of Government of India.

Nationality Criteria: Only Indian Citizen can apply this Bank job

Age Criteria: Eligible Candidates Applicant age should be between 18 to 45 Years as on 01- Jan-2016. Age relaxations will be applicable as per the rules.

What is the Application Fee for these Bank Jobs in India?
 Scheduled Caste Candidates have to pay Rs.750/- and Rs.1500/- for General & Other Categories through the Challan or through online mode

What is the Procedure to Apply These Bank Jobs?
The Process for applying these Bank jobs in India is to apply online. There is no other way to apply these Government jobs. Below we also share the direct official link to apply. We advise all interested candidates to click on that link for online application form.

Dates TO Remember
16th Dec. 2016 is the last date for online process

Important links


03 March 2016

SVC Co-Operative Bank Recruitment 2016 for Customer Service Officers Apply Online Here

                                                              
SVC Co-Operative Bank Recruitment 2016 for Customer Service Officers Apply Online Here
SVC Co-Operative Bank has released a notification on February, 2016. All these are on regular based only. These posts can be applied by online procedure. As per notification total number of posts are 24. The official notification has been uploaded. Please download it. Full information regarding these posts is mentioned below. Any query and problem just comment in box below, we will contact you immediately. Read full information for SVC Co-Operative Bank recruitment 2016.


Organization Name: SVC Co-Operative Bank

Profile Name: Customer Service Officer in Junior Management Grade Posts

No. of Vacancies: 24

IMPORTANT DATES:
     1.       Online registration process starts from 26th February, 2016.
     2.       Submit application fee online from 26th February, 2016.
     3.       Online registration process ends on 14th March, 2016.
     4.       Last date for Submitting application fee online 14th March, 2016.
     5.       Exam date (Tentative) is 23rd April, 2016.


Educational Eligibility: Graduation or Post Graduation from a recognized University/ Institute. Secured second class minimum 50% aggregate marks.

Age Bond: Candidates age should not exceeding 32 years as on 31st March, 2016.

Selection Process: Candidates must appear for Online exam & Interview process.

Application Fee: Application Fee (Non-Refundable) is Rs.600/- for all categories.

How To Apply: SVC Co-Operative Bank requires online applications from candidates. Apply online with true based information only. Last Date of online apply is 14/03/2016. After this you cant apply. Please read advertisement carefully before applying.
A)     Candidates first do an online Application Registration i.e. go to official link and read instructions carefully.
B)      Fill with required details and press on 'Submit' button.
C)      After that complete the process of Online Payment of Fees
D)     Then upload Photograph and Signature of candidate.


Document Needed For Online Apply: Here some list of document that are necessary for online apply.
·         Educational certificate
·         Caste certificate
·         Adhar Card/ Voter ID

Must Follow Tips :
·         Fill Application carefully with true based information must same as 10th class certificate.
·         Read full advertisement before apply
·         Do not fill artificial information.
·         Apply on or before last date.

IMPORTANT LINKS
·         For Full Detail: CLICKHERE

·         Official Website: CLICK HERE
NOTE: WE ARE NOT RESPONSIBLE FOR ANY JOB ISSUES, AS WE ARE SHARING INFORMATION BASED ON INTERNET. PLEASE CHECK THE OFFICIAL ADVT. ATTACHED WITH IN THE EACH POST, WHICH REPRESENT THE OFFICIAL FILE.