Bank jobs in India: the fact and current status

Are you looking for a bank job in India? Before you start working towards your goal of getting a job in one of those banks, you must be aware of the current situation of the banking sector jobs and employment

Want a job in the SBI bank? Reach at SBI Recruitment 2014

There is no specific data about this anywhere, but roughly, around 60-70k candidates are recruited every year by banks in India. That means banks in India provide jobs to around 60000 candidates every year. But the fact is even deeper. These 600000 candidates are selected from more than 6 million candidates who apply for these jobs. This is not the accurate data, but it is roughly close. It means only around 10% of applicants manage to get a job in the bank. Each year millions of students in India prepare for and fight for various private and public sector government jobs. Here are some statistics

Exam: IBPS PO 1

Candidates registered: 14.65 lakh

Candidates appeared- 10.45 lakh

Selected in the written exam: 1.1 lakh (Around 10%)

Called for interview: Around 35000

This is just an example. IBPS is a common examination for recruitment in various private and public sector banks in India. The situation is somewhat similar in other banks including SBI, BOB, etc.

I am not here trying to demotivate those who are preparing for bank exams. I just want to make sure that you guys know the reality. So, if you want a bank job in India, be prepared to face some serious competition. You can definitely make in those 10% who are selected . Good luck

Bank of Baroda Recruitment 2014

Bank of Baroda (BoB) is an Indian bank with its headquarter located in Vadodara, Gujarat. BOB is the second largest bank in India after State Bank of India. BOB, similar to other banks, recruit personnel for its various branches all over India and other countries. Until 2011, BOB was conducting a separate recruitment exam for recruitment of Officers, clerks and other personnel in their bank. Since last two years, BOB is recruiting through the common exam conducted by the IBPS.

Find here the latest BOB Recruitment 2014

IBPS recruitment exams for year 2014 are scheduled as below:

Exam Name	Tentative Date
IBPS RRB 2014	06, 07, 13, 14, 20, 21 & 27 September 2014
IBPS PO 2014	11, 12, 18, 19 October, 01, 02 November 2014
IBPS Clerk	06, 07, 13, 14, 20, 21, 27 December 2014
IBPS Specialist Officer (SO) 2014	14, 15 & 21 February 2014

The above given dates are tentative and the dates will be confirmed only by the IBPS committee

Bank of Baroda recruits its candidates through IBPE exam only. The written exam is followed by Personal Interview and Group Discussion, which is also conducted by the IBPS since last year.

Candidates seeking a career in the second largest bank of India (BOB), must prepare themselves for the IBPS exam as this is the only way to get entrance in the BOB. As usual, the competition is very touch. Millions of candidates appear in the IBPS exams every year and only some lucky ones make it to the final round. We wish all candidates Best of luck for their next IBPS exam.

Find here the Useful Bank Exam Tricks

SBI PO Exam: Tips and tricks

State Bank of India (SBI), which is the largest bank of India, recruits thousands of candidates for the post of Probationary Officer (PO) in various SBI branches located all over India.

You can find the SBI Recruitment 2014 complete list here

Who doesn’t want a banking job and what can be a better option than SBI for a banking job in India? This is the reason why most of the graduates aim at various SBI recruitment exams conducted throughout the year. But, the hard truth is that the competition is much and much high than the demand. Even if the SBI announces a recruitment for 1000 candidates, at least 10 lakh candidates will apply for it. It means your probability to get selected is 1000/1000000=> .0001 per cent unless you possess something special.

We are not talking about some superpower, but the skills and qualification to crack the entrance exams conducted by the SBI bank. Here, we would like to share some tips to help you in your SBI PO exam preparation.

First: Under the Paper pattern

Paper pattern might be different for different exams and it is utmost important that you understand the paper pattern with your heart. There are 2 phases in SBI PO exam, Phase 1 Objective + Descriptive Exam and Phase 2 GD + Interview

Phase 1: Since the phase 1 is a written examination, your knowledge and qualification will help you in this phase. Phase 1 wil be of two hours and will include multiple choice objective questions from English Language (grammar, vocabulary, comprehension etc.), General Awareness, Marketing & Computers, Data Analysis & Interpretation, Reasoning (high level). The descriptive test will be conducted to judge the candidate’s command over English language.

Phase 2: Only students, who qualify in Phase 1, will be called for the second phase. Phase 2 includes Group Discussion and Personal Interview rounds. These will be to check your communication skills and general awareness. You can find more tips here about How to crack SBI PO Exam

State Bank of India to recruit 7200 in FY15

State Bank of India has claimed that they are planning to recruit 7200 new staff in the financial year 2015 as around 8100 of their current staff will be retiring in the current financial year.

For current SBI Recruitment 2014 list

SBI, which is the largest public sector bank of India, is also one of the biggest recruiting banks in the country coming up thousands of job openings every year. This is a brilliant opportunity for those, who see a career in the SBI bank. SBI has recently finished it PO (Probationary Officer) recruitment exam 2014 in June 2014 and results is likely to be declared in July. Candidates, who missed this opportunity or couldn’t apply for this exam, are going to get a nice opportunity to apply for the new posts as soon as the SBI opens gates for new jobs.

“I am trying to get a lot of technology to help my people so that they spend less of their time on activities that don’t really need a lot of thinking and knowledge. For routine stuff such as cash counting we are bringing more and more machines,” said SBI chairman Arundhati Bhattacharya

Being the largest public sector bank in India, SBI is the dream of many young graduates in India. Apart from the above jobs, SBI keeps recruiting talent throughout the year through various recruitment exams. You can find here the complete list of SBI recruitment in 2014

If you are still not sure if the banking career is right for you, you might like to read this post

Why SBI is the best bank to work with

Why choose Banking sector as a career?

Today, in this post, we will discuss the basic reasons why graduates in India go for a bank job and will also discuss why banking sector is the most attractive job sector in India. Stay tuned with us.

Find here the list of current SBI Recruitment 2015

Here are some of the most common reasons why we usually go for a banking job

• Banking sector is one of the fastest growing business fields in India
• They give you lots of opportunities to grow
• Banking sector has a job for candidates from almost every field of education including finance, engineering, software, marketing, technology, etc.
• Banking sector has a job for various qualifications including graduate, post-graduate, 10th pass, 12th pass, diploma, etc.
• Added benefits and good salary
• banking sector is no more limited to traditional lending and depositing, but with the introduction of technology, the sector has become much more appealing and challenging.
• Job stability and safety
• Banking jobs give you a chance to interact with people and to know the financial and economical status of your country.
• Less stress as compared to private sector jobs
• Job timing is fixed and are flexible
•  You become a part of the growth of the economy of your country
• Banks are one of the most important part of our daily system and so are bank employees.

These are the most common reason we give when asked “Why do you want a Bank job?”

Here are some other reasons why one should go for a banking job

• Banking job is secure and provides you stability
• Salary and other benefits are better than private industries
• Banking job doesn’t cause as much stress and tension as a private job does
• Since job timing is fixed, you can give enough time to other important thing including your family

These are the most basic reasons why one should go or one would go with a bank job. If you have any other reason or idea in mind, feel free to share in the comments.

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You can find here the complete list of Current bank jobs

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