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Tuesday, June 28, 2022


    

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Career Structure
 

    The Reserve Bank of India and Regional Reserve Banks, the State Bank of India and associate banks, and nationalized banks advertise in newspapers from time to time, inviting applications, according to their vacancies.

AGE LIMIT:

28 years or as specified in advertisement.

ELIGIBILITY:

BA/B.Sc. degree in any discipline from a recognized university. Most foreign banks prefer
management graduates or CAs (chartered accountants).

SELECTION:

All applicants are required to take a written test set by the respective bank's recruitment board. This includes papers in English; quantitative aptitude; reasoning; and general awareness. Two further rounds of interviews must be cleared before appointment as probationary officer.

PROBATION:

Lasts up to two years. During this period, services may be terminated at any time, if the probationer's work proves unsatisfactory. In most cases, this is only a formality, and confirmation automatically follows the probation period.

PRIVATE SECTOR BANKS: 

The recruitment policy in private banks is similar to that of nationalized banks.

FOREIGN BANKS: 

Foreign banks advertise their posts in newspapers. However a larger part of their employees are
Recruited mainly through on campus recruitment at management institutions. Recruits are taken on as trainees for a period of six months to one year during which they spend Banking time at all the various departments of the bank, before confirmation as Assistant Manager of a department.


SELECTION:

A preliminary on-campus interview assesses personality aptitude and academic merit. Those meeting the set stipulations must clear a final interview before appointment in a foreign bank.


 
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