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| Saint Alphonsa birth centenary commemorative coin released by the Reserve Bank of India (Photo credit: Wikipedia) |
Banking is one of the most important career choices among students because it is well paid, secure and high status career. Though it may appear that these jobs are meant for commerce/economics students but the fact is that majority of bank officers are from different streams of education like Arts, Science and others. The all round demands for professionals has made banks: Public Sector, Foreign and Multinational to recruit more and more MBA graduates, CAs and CFAs to enhance efficiency. Nevertheless bright graduates from any subject can get entry in the Public sector Banks through an All India Examination conducted themselves by banks. Emergence of technology-driven new private banks and entry of Financial Institutions into short-term lending business has created the requirement of more professionals. Now banks are in the mutual funds, securitization business, and credit cards, consumer loans, housing loans besides trading in gold and fore activities.
Candidates get recruited at 2 levels in the banks - clerical level and officer level. The procedure of selection varies with nationalized and international banks.
Selection procedure for RBI- The Reserve Bank of India is the topmost financial institution in India which makes all the policies and regulations for the other banks. It conducts tests for three types of entry level positions:
- Clerical grade
- Grade A officers
- Grade B officers
