Introduction to Banking
In India, the banking sector has always seemed opportune to job seekers who desire an ideal pay scale, holiday benefits and a pleasant work environment and Bank Recruitment Exam. Moreover, the icing on the cake is the security and pleasure of a Government job. The significant and ever increasing demand for bank jobs can be seen in the tremendous increase in the number of courses that specialize in teaching undergraduates all about how to crack banking exams right after passing out of college.
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Each year, public sector banking recruits thousands of candidates through a well-defined sequence of examinations, interviews and group discussions. Thus, only the finest applicants get chosen out of around 15 lakh aspiring ones.
Some of the top banking exams in India and the institutions that conduct them are listed below–
Institute of Banking Personnel Selection (IBPS):
For recruitment at various levels in the banking sector, IBPS conducts four major exams –
- Common Written Examination for Probationary Officers (PO)/Management Trainee (MT)-IBPS PO/MT
- Common Written Examination for Specialist Officers-IBPS SO
- Common Written Examination for Clerical Cadre-IBPS Clerk
- Common Written Examination (Regional Rural Banks)-IBPS RRB
A positive result on any of these exams provides the applicants with a reputed Govt. job in the participating public sector banks and other institutions like IDBI and ECGC which specialize in banking and finance. For exams like IBPS both Bank PO and Bank Clerk Coaching in Delhi are available which are really beneficial to candidates.
Reserve Bank of India (RBI):
The nucleus of India’s financial system, the Reserve Bank of India performs various critical functions like lending to other banks, acting as the banker to Govt. of India, regulating the monetary policy, managing the foreign exchange etc. In order to perform these functions RBI requires quality manpower, which has an in-depth understanding of banking and finance.
To meet this requirement RBI, the central nervous system of India’s banking system, conducts its own recruitment exams every year. The two most sought after RBI recruitment exams are:
- RBI Assistant Grade Exam
- RBI Grade B Officer Exam
For some candidates a job in RBI is undoubtedly a dream come true. Apart from the prestige associated with working in RBI, candidates are also attracted towards these exams because of the wonderful salary benefits which RBI offers.
State Bank of India (SBI):
Being the largest national bank of India, SBI conducts its own examinations. Apart from SBI, the State Bank Group also includes associate banks such as State Bank of Travancore, State Bank of Bikaner & Jaipur, State Bank of Hyderabad etc. A total of 5 associate banks come together and conduct their own recruitment exams periodically.
The following are the exams conducted by SBI and its associates–
- Probationary Officer Exam
- Clerical/Assistant Grade Exam
- Specialist Officer Exam
- Rajbhasha Adhikari Exam
Candidates who aspire to crack these exams quite often seek help from the centre for best SBI Coaching in Delhi. Having unparalleled expertise and experience in training students for SBI exams, this centre produces unmatched results.
Apart from these three major players in the field of public sector banking, many Indian and International banking corporations in the private sector also conduct their own examinations and have a similar selection procedure to hire capable workers.
All banking exams are conducted online and require special kind of practice and training. It is important to prepare well for these exams, which then pave way for group discussion and personal interview. An important mantra to keep in mind is to stay updated on current affairs and recent developments in the world of banking.
Preparing for these Exams
To be able to truly master these exams and find success as a banker, you must understand the nuances of each exam. Before you start studying, make it a point to become well versed with the pattern of the exams, the scoring system and the sections that you have to cover. This information will significantly influence your approach. Moreover, you should assess your strengths & weaknesses and practice consistently. Make it a point to invest time in understanding the concepts first and developing a strong foundation. Once it is done, focus on taking mock tests and improving your performance further and further.