More than 10 lakh people are employed in public sector banks in India. In the coming
future, people are going to retire from their jobs. So, the banks will need more
skillful people to fill this huge void. To skip any sudden stoppage, these banks are
actively recruiting new and young faces for these posts.
In the coming future, banks will also expand to different cities and to different
domains. So they need people who know their job. Both freshers and experienced people
can get good jobs in the banking sector. Investment banking is one of the most promising
job opportunities for the freshers.
These days banks are offering technology-driven services and for that they need people
who are interested in implementing technologies to ease daily life works. New services
such as mutual funds, housing loans, consumer loans, securitization, gold trading,
business credit cards, forex trading etc are going strong. Since all these services are
becoming popular in today’s world, banks need more skilful people to cater to these
jobs.
During the job interview, the main question asked to an aspirant is why he is interested
in joining the banking sector? The answer is quite straight. Working in a bank will give
you good career growth.
The perks and payments of working in a bank are very high. The standard of job is very
appreciated and applauded in today’s world. Banking sector has seen lots of ups and
downs in the past few years.
Despite all those ups and downs, the sector is still thriving and people associated with
banks are one of the highest-paid individuals in the country. Apart from the financial
perks, the sector also offers lots of amazing job opportunities to people coming to this
industry.
People can grab these jobs as per their experience and expertise. It is important to
understand that there are different types of jobs available in the banking sector. Also,
one can get promoted to a higher level very quickly in this sector. One can start his
career as a probationary officer and within a few years, he can be promoted to the
general manager. Perseverance, passion, and dedication are the keys to success in this
field.
Some of the most common type of jobs in Indian banks;
- Bank tellers:
This is the most common one available in the banking industry. Though the job
may
sound a
little boring, they are the backbone of this banking industry. Bank tellers
generally sit in
banking counters. They are the people who also handle different tasks like,
processing
deposits, cashing cheques, handing withdrawals, etc.
These people also acts as a bridge between the bank and the customers. They
answer
customer
queries regarding banking services, process loan application and other
documentation
related
tasks. To get selected for this position, an individual needs to possess a
diploma
or degree
certificate. Also, the person needs to have amazing vocational skills. As he
will be
handling customers, the customer relationships skills are also a must for this
position.
- Loan officers:
This is also another category that comes within the banking arena. They need to
evaluate the
loan applications and also need to check the supporting documents in detail.
Also,
they need
to check the credit score of the applicant.
Another task of this position is to check whether the applicant has given all
the
correct
information for loan applications or not. Also after considering all these
points,
they need
to tell the applicant about the loan decisions made by the bank. For this
position,
an
individual needs to have a bachelor’s degree in economics, finance, or any other
equivalent
field. Also the person needs to have analytical and strong communication skills.
- Financial analyst:
These individuals are responsible for analyzing the market trends and helping
companies to
invest in the accurate places. They are also experienced in evaluating
prospective
investment places and helping others choose the correct company to invest in.
They are experts for conducting market research and after evaluating all the
risk
factors,
help people invest in the right place. A bachelor’s degree in
banking, finance,
economics,
or equivalent is required for this post.
- Compliance officer:
These officers check the authenticity of every bank transaction. They check
whether
the bank
is following any unethical or unlawful paths.
They make sure that all the practices of the bank are fair and transparent. They
are
there
to maintain the sanctity and integrity of the banks. Their tasks can be
challenging
but
equally rewarding. These individuals get to learn a lot of new skills while
handling
these
tough tasks.
There are several Bank Jobs in Nagpur. BIFS Academy provides end to end support to
banking aspirants in Nagpur. There are several other banks as well. The average
banking
salary in India is somewhere between 34000-35000 INR a month. The minimum wages of a
bank employee is 10000-11000 a month and the highest grossing salary in this sector
is
near about 72000 INR a month.
Also, these wages come with a lot of other benefits and perks. Employees get
transportation allowance and housing allowance along with some other benefits too.
Also,
if someone is working in the investment banking sector, incentives are a very common
practice there. So, the employee gets to earn more than his monthly wages.
