Student, Writer, and Editor in India Gate, India
Getting Bank Jobs In India Become Easier
Getting a bank job is a fantasy for many employment seekers. This is been considered as one of the most preferred profession by the youth in the country. There are many factors which makes this sector favorite among many such as the Job safety, compensation benefits, career advancement options, retirement benefits etc.
The banks play a major role in stabilizing the economic system in the county and each one, whether private or public sector is developing widely year to year in terms of size and business. The banks require huge workforce to manage their day to day operations, for which the recruitment happens frequently. Earlier days the banks were recruiting directly with the help of its own recruitment wings, but nowadays the same has got centralized with the entry of Institute of Banking Personnel Selection (IBPS) in India. Now it has become easier for the candidates to apply for bank jobs with the help of centralized examination system by IBPS.
There are two types of banks in this sector majorly divided as private sector banks and public sector banks. Banks like ICICI, HDFC, Axis Bank etc. comes under private sector banks and State Bank of India, Indian Bank, Union Bank, Central Bank, etc. comes under public sector banks. The entry to a private sector bank would be much easier, but the association wouldn't be that easy as mostly are performance based rating banks. In the other hand the entry to a public sector bank would be difficult, but the long term association would be smoother. This makes public sector banking industry favorable for many job seekers.
Yes, there are pros and cons when we talk about private sector as well public sector banks, but it entirely depends upon what is the career objective of the candidate applying the same. Indian citizens are given preference when it comes to the recruitment process and eligibility criteria. There are age criteria fixed by the IBPs for selecting candidates for various positions and cadres in the banking sector. When it is 20-28 years for clerical cadres, it is 20-30 years for probationary officers. To enhance equalization and upliftment of backward categories the IBPS has given age relaxation to various categories such as SC, ST, OBC, etc. A minimum qualification of Graduation is preferred to apply for the said position. This is almost same when it comes to the private sector banks too.