Indian Banking Industry - Details & Scope with Bank PO Exam Pattern
Indian Banking Industry
Banking Sector in India
This article consists the major information about Indian Banking Industry – Jobs & Scope.
Banking Industry in India has always been one of the most preferred choice of employment. In last 10-15 years, this industry has emerged as a sunrise sector in the Indian economy. The Banking Industry is recruiting in a big way and with a new pattern. In the next five years , banks will have to recruit almost 10 lakh people.
Now, banks have diversified their activities and getting into new products and services that include opportunities in credit cards, wealth management, consumer finance, investment banking, mutual funds, life and general insurance, pension fund regulation, custodian services ,stock broking 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.
Major Employers in Indian Banking Industry
Public Sector Banks form the major recruiter group for candidates aspiring for bank jobs.
They are:
1 . State Bank of India Group (Total:6 Banks) namely State Bank of India, State Banks of Bikaner & Jaipur, Travancore, , Mysore, Patiala and Hyderabad.
2. Nationalised Banks (Total: 19 Banks) which include
1. Allahabad Bank,
2. Andhra Bank, Bank of India,
3. Bank of Maharashtra,
4. Bank of Baroda,
5. Canara Bank,
6. Corporation Bank,
7. Central Bank of India,
8. Dena Bank, Indian Bank,
9. Oriental Bank of Commerce,
10. Indian Overseas Bank,
11. Punjab & Sind Bank,
12. Punjab National Bank,
13. Uco Bank, United Bank of India,
14. Syndicate Bank,
15. Union Bank of India and
16. Vijaya Bank.
3. Other Public Sector Bank (Total: 1 Bank) i.e. IDBI Bank Limited.
4. Private Sector Banks: These banks conduct 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.
5. Co-operative Banks: All major National and State Co-operative Banks and Scheduled Urban Co-operative Banks conduct their own exams to recruit Officers.