The Indian banking sector has a large number of public banks, private banks, regional rural banks and foreign banks etc. They all together generate a large number of bank jobs opportunity for young generation of India.
Tentative Number of Banks in Indian Banking Sector
|Public Sector Banks||27|
|Private Sector Banks||26|
|Regional Rural Banks||56|
|Urban Cooperative Banks||1,574|
|Rural Cooperative Banks||93,913|
Government Initiatives to make Banking Popular:
Indian government is taking initiates to make banking popular among all strata of society. We know very well that under Pradhan Mantri Jan Dhan Yojana (PMJDY), number of bank accounts have been opened which will demand more employees in long run to manage increasing number of accounts.
Mr Arun Jaitley, Minister of Finance, Government of India, introduced ‘The Banking Regulation (Amendment) Bill,2017’ to allow the Reserve Bank of India (RBI) to guide banks for resolving their problems. He also proposed various measures to quicken India’s transition to a cashless economy. Cashless Infrastructure will not reduce number of employment rather it will demand more people to handle the situation.
Don’t forget the days when computers were introduced, same agony was there. But, we all know that we saw always increasing number of appointments by the banks. Indian banking market is not tapped fully and have scope to flourish. So, banking aspirants should not loose hope
The Ministry of Labour and Employment has successfully opened around 3,840,863 bank accounts, for workers especially in the unorganised sector (as on December 26, 2016), though it was part of promotion of cashless transfer campaign but bank got new customers. .
Indian banking industry has recently witnessed the roll out of innovative banking models like payments and small finance banks. RBI’s new measures may go a long way in helping the restructuring of the domestic banking industry. These units will also offer job opportunities.
Sign of Increasing Bank Jobs
Banking sector of India is full of opportunities. Banking aspirants have all opportunities for high pay scale, growth, going aboard etc. Scenario stated above is just to give a glimpse of growth of the sector, which will definitely go in upward direction only as several banks in India are in the expansion mode which will create more banking job opportunities in upcoming years.
I have seen people in my surroundings who know that clearing IBPS exam is everything. In Indian organisations like NABARD and SBI also conduct exams to fill the vacant bank positions in government sector. So, don’t analyse the number of vacancy in banking sector only by seeing IBPS notifications.
IBPS, NABARD, SBI and RBI notifies Bank Jobs
All conducts exam to fill various positions of banks in public sector. However, bank jobs which are filled by IBPS are more towards business development model whereas bank jobs offered by NABARD is more towards developing finance model which focus on completion of development project of government.
RBI offers RBI Grade B officer at a Manager level post while RBI Assistant at a clerk level post. RBI announces notification for these vacancies every year which is then filled through a common recruitment process at different levels. So, major banking exam notification which you should check are…
Other Exams & Recruitment for bank jobs
Apart from major bank jobs announcement, keep an eye on notifications of other banks too. These notifications also give job opportunities in banking sector of India. Like
Bank of Baroda (BOB) Recruitment
Dena Bank Recruitment
EXIM Bank Recruitment
IDBI Bank Recruitment etc.
Bank Jobs Opportunities with Private Banks in India
Public sector banks cover approx. 70% market of banking; it means rest 30 % will also bring bank job announcements.
In India private banking emerged with a fast pace. In urban India, people prefer private banks over public banks because of their on door service. Few popular names in private banks in India are HDFC bank, ICICI Bank, Axis bank, Kotak Mahindra Bank, Federal bank, IndusInd bank, Yes bank etc.
These banks have strong presence at PAN level. They recruit directly either by campus visit or by announcing vacancies on their websites. Candidates who are in search of a job in banking sector only, must visit websites of these banks. If you find that you are satisfying the eligibility criteria mentioned, you can directly send your resumes online.
Few Private Banks and their websites to check bank jobs vacancy
- Axis Bank –website link www.axisbank.com
- ICICI Bank –website link https://www.icicicareers.com/Website/default.aspx
- Housing Development Finance Corporation i.e HDFC Bank– www.hdfc.com
- Kotak Mahindra Bank i.e. www.kotak.com
- YES BANK-link for career is https://www.yesbank.in/work-with-us/career-opportunities
Apart from these national private banks, you can check websites of international banks available in India such as American Express, Standard Chartered, Bank of America, Royal bank of Scotland, Citibank etc., but foreign banks are not having branches in all Indian states & are limited up to major or metropolitan cities. Foreign banks generally don’t hire fresher’s, they prefer a candidate with experience of banking sector or a candidate with a specialized degree.
All entries of private banks can be find advertised on websites. Online medium is best way to know about vacancies or bank jobs .