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BANKING SECTOR IN INDIA




  • Banking sector in India has always been one of the most preferred destinations for employment. Banking sector in India has always been one of the most preferred

  • In this decade, this sector has emerged as a sunrise sector in the Indian economy.

  • The Banking Industry is recruiting in a big way. In the next five years , banks will have to recruit almost 7.5 lakh people Banking serves as the Backbone of Indian Economy. It is projected that the sector has the potential to account for over 7.7 per cent of GDP with over Rs. 7,500 billion in market cap

  • Now, banks have diversified their activities and getting into new products and services that include opportunities in credit cards, consumer finance, wealth management, life and general insurance, investment banking, mutual funds, pension fund regulation, stock broking services, custodian services and private equity etc.

  • Further, most of the leading Indian banks are going global, setting up offices in foreign countries themselves or through their subsidiaries.

Recruiters in Banking Industry




Public Sector Banks form the major recruiter group for candidates aspiring for bank jobs. They are:

  • State Bank of India Group (Total:6 Banks) namely State Bank of India, State Banks of Bikaner & Jaipur, Hyderabad, Mysore, Patiala and Travancore.

  • Nationalised Banks (Total: 19 Banks) which include Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Corporation Bank, Dena Bank, Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, Syndicate Bank, Uco Bank, United Bank of India, Union Bank of India and Vijaya Bank.

  • Other Public Sector Bank (Total: 1 Bank) i.e. IDBI Bank Limited.

  • Private Sector Banks: These banksonduct their own exams.The major recruiters in private sector include the ICICI Bank, HDFC Bank, Axis Bank, Federal Bank, Centurion Bank of Punjab, Indusind Bank, Kotak Mahindra Bank, Yes Bank, ING Vysya Bank, Bank of Rajasthan, Karur Vysya Bank, Karnataka Bank, Jammu & Kashmir Bank, South Indian Bank, Bharat Overseas Bank, etc.

  • Co-operative Banks: All major National and State Co-operative Banks and Scheduled Urban Co-operative Banks conduct their own exams

Career in Banking




  • A Probationary Officer’s post is the entry to the coveted managerial positions in the banking industry.

  • A P.O. starts as a trainee officer in the Junior Management Grade Service (JMGS) of the bank and can rise to the highest grades of the bank in his career becoming a General Manager, a Director or even the Chairman of the Bank

  • Needless to say, a Bank PO’s position is seen with tremendous respect in the society as it secures a life long opportunity to grow, prosper and serve the society in a senior and responsible position in the Banking industry.

  • And, therefore, every Bank P.O. Exam attracts lakhs of talented graduates, post-graduates and professionals to compete for a few hundred or thousand of vacancies notified by the banks.

  • A young person joining a bank as a clerk-cum-cashier in the clerical cadre of the bank has the opportunity to start as early as at the age of 18 years and just after passing standard Xth.

  • A bank clerk enjoys job security, challenging work environment, opportunity to strengthen customer relation skills, using best available technology and working to learn under worthy senior officers.

  • He is trained on the job and at the Bank’s Staff Training Colleges and given opportunity through departmental exams of the bank or otherwise to rise to the higher levels of management in the bank.

  • He gets the opportunity of life-long learning in Banking, Finance, Management and other areas of his choice through various national level institutions set up for Bankers’ education.

  • One need not be surprised to find many senior staffs in most of the branches of various banks as well as at the Regional, Zonal and Head Offices of the banks who had joined the bank in the clerical cadre.

Types of Bank Exams




  • Generally, the bank examinations are of the following types  1. Exam conducted by SBI and SBI Associate Banks for recruitment to the posts of clerks and officers

  • Common Written Examination conducted by Institute of Banking Personnel Selection as a prerequisite for selection of personnel for Probationary Officer / Management Trainee / Clerical Cadre posts in 19 Public Sector Banks

  • Exams conducted by private sector banks for recruitment to the posts of clerks and officers

  • Exams conducted by Co-operative banks for recruitment to the posts of clerks and officers

  • There is more good news for lakhs of aspirants seeking a career in banking sector – the time taken by a bank to complete the recruitment process, which is now 6-8 months , will come down to 2-3 months with the introduction of the first of its kind "Common Written Examination (CWE)". The Institute of Banking Personnel Selection(IBPS) will conduct the CWE. This examination is the per-requisite for selection of personnel for the posts of Probationary Officer/Management Trainee/Clerks in the Public Sector Banks.

  • Participating Banks: Except for SBI, almost all the major Public Sector Banks are participating in the CWE. The 19 banks which are participating in the CWE are Allahabad Bank, Andhra Bank,Bank of Baroda,Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India,Corporation Bank,Dena Bank,Indian Bank,Indian Overseas Bank, Oriental Bank of Commerce, Punjab National Bank, Punjab & Sind Bank, Syndicate Bank, Union Bank of India, United Bank of India, UCO Bank, Vijaya Bank.

  • The Common Written Examination will be conducted 4 times in a year, twice for Probationary Officer/ Management Trainee and twice for Clerical Cadre posts.

Eligibility for Exams




  • IBPS CWE: Age: 20 to 30 years; Education Qualification: A degree in any discipline from a recognized University or any equivalent qualification recognized as such by the Central Government

  • SBI and SBI Associate Banks: Age: 21 to 30 years; Education Qualification: Graduation in any discipline from a recognized college/ University 

  • Bank Clerical Exams:


  • IBPS CWE: Age: 18 to 28 years; Education Qualification: A pass with 60% marks in the aggregate in SSC/ Matriculation
    or


  • A pass with 50% marks in HSC examination of 10+2 (10+2+3 pattern)
    or


  • A degree in any discipline from a recognized University or any equivalent qualification recognized as such by the Central Government 2. SBI and SBI Associate Banks: Age: 18 to 28 years; Education Qualification: Minimum 12th Standard (10 + 2) or equivalent qualification thereof with a minimum of 60% marks

Pattern of Exams




  • Both P.O. and clerical recruitments comprise at least two stages of exams, viz. a written test, and an interview. The written test normally comprises an objective type test and a descriptive test(only for PO). The interview is normally a personal interview or sometimes, a combination of group discussion and personal interview.

  • Bank PO Exams: The test areas in the objective type test of P.O. exam include tests from amongst Reasoning, Quantitative Aptitude, General Awareness, English language, Marketing Aptitude and Computer Knowledge. The Descriptive Writing Test is to check the proficiency of the student in English Language.

  • Objective Paper: 250 Questions to be answered in 150 Minutes; Maximum Marks: 225 Descriptive Paper (Essay, Precis, Letter Writing etc): Duration - 60 Minutes; Maximum Marks: 25

  • Pattern of SBI/SBI Associate Banks PO Exam : The SBI and Associate Banks of SBI conduct separate written test for the selection process and will not consider the CWE score. The details of the written test are as follows  The written test consists of Objective Paper and Descriptive Paper

  • Objective Paper: 200 Questions to be answered in 120 Minutes; Maximum Marks: 200  Descriptive Paper (Essay, Precis, Letter Writing etc): Duration - 60 Minutes; Maximum Marks: 50 Negative Marking: There will be penalty for wrong answers marked in the Objective Test

  • Pattern of the IBPS Bank Clerical CWE : The written test consists of Objective Paper only.  Objective Paper: 250 Questions to be answered in 150 Minutes; 

  • Negative Marking: There will be penalty for wrong answers marked in the Objective Test.

Infomaths Services to you




  • INFOMATHS offers a comprehensive classroom training programme to prepare students for the Bank Probationary Officers (PO) and Clerical exams conducted by IBPS, S.B.I. & Associate Banks of SBI. The coaching will be of immense help to students who are appearing for exams for PO / Clerical vacancies in Grameena Banks.  Over the last 15 years, INFOMATHS has fuelled the aspirations of many students. INFOMATHS is backed by a highly trained and dedicated faculty team, which has been acknowledged as the best by students.  With this kind of back ground and rich experience, who other than INFOMATHS can help you prepare BEST for your Bank Exams ? You can rest assured that you are in the safest and best of hands. 

  • Highlights of INFOMATHStraining programme for Bank PO & Clerical Courses :


  • COURSES: REGULAR COURSE ( i)90 days batch(2 hours daily(5 days aweek + 1 test day)) (ii) 45-60 days batch( 2 hours daily(6 days a week + test day) (iii) 30 days crash batch( 4-hours daily(6 days aweek+test day)

  • Early morning/late evening batches (30 days- 90 days)(2-3 hours daily) :Specially designed for working professionals/students unable to come on regular basis.

  • Weekender batches:Only on Saturday-Sunday(4-6 hours a day)+tests offline/online.

  • Holidays Batches: On Sundays and other holidays(4-6 hours a day)

FEATURES OF STUDY




  • For the very first time in banking industry, Interactive Class room teaching using Computers and Projectors.

  • Low Trainer-students ratio of 15:1 for better interaction and understanding.

  • Faculty involving only the best brains of industry with vast experience of Banking training.

  • 30-mock tests including 5 actual previous paper and 15 practice test.

  • Mock Group Discussion session and interview training module held by panels of industry experts.

  • Special classes at regular intervals for Current affairs and General awareness.

  • Speed / Regular tests(online/offline) for each of topics & OMR software checking

  • Basics / concepts of each topic covered in detail, before working out the exercise.

  • Chapter wise tests , after the basics and exercise have been completed.

  • Regular Doubt-clearing sessions with personal attention

  • Revision classes - during the course as well as after the completion of portion

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