Jobs In The Indian Banking Industry

The Indian financial sector is experiencing an upswing and among government jobs

, employment in the banking sector viz the Reserve Bank of India and the State Bank of India, are much sought after. Both banks have branches all over the country and so for persons who have passed the requisite exams and meet all the other stipulated criteria, there are employment opportunities. Like all government jobs, there is a list of stipulated criteria on age, qualifications, experience that must be met for each job.

If you meet the criteria for a job of a particular level, browse the net for details of the annual examination that you must pass. Once you clear the exam, you will have to submit the originals of all your certificates and documents for verification. If you pass this stage, you will have to undergo a prescribed medical exam. On successful completion you will be called for an interview and only if successful at this stage, will you be given an appointment letter.

Reserve Bank of India

The RBI is a prestigious Indian employer as it is the national banking regulator body in the country. More than regular banking functions as we know them, the RBI is the national banking watchdog. They constantly watch the economy and regulate the borrowing and lending rates in order to control inflation and try and facilitate economic activity in the country. If you are interested in joining the RBI, you need to browse the website of the RBI Recruitment Board for vacancies.

State Bank of India

The State Bank of India is also a Central Government organization that is second in the rung of the Indian banking industry. Unlike the RBI, the SBI does perform routine banking transactions like accepting deposits and lending money. They are also authorized to collect deposits on account of Public Providend Fund. The SBI functions through a network of branches spread across the cities and town of India. If you would like to join the SBI, browse the SBI Recruitment Website. Simultaneously start preparing for the entrance exams. Remember that just like you there are thousands of other persons nationwide who are competing for the few available positions.

Recruitment to the RBI and SBI

Recruitment to both banks happens on an annual basis at a national level. Every year they post a list of vacancies that have arisen over the year. The banks first try to fill the vacancies through internal promotions or transfers and only if they are unsuccessful, they raise a recruitment requisition with the central recruitment centre. The location of each vacancy and the eligibility criteria and process for application for each job are listed and applications for each job are invited. I you are looking for a job in either of these banks, first check to see if you meet all the eligibility criteria.

Then submit your application, strictly according to the application procedure, else your application will be rejected. Next you need to start preparing for the entrance exam. There are guides and coaching classes available for these exams. It is a long process and you need to be patient.

by: Mark Ben

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