Bank Jobs

Bank jobs are understood as one of the most prestigious careers in our society. There are currently many job openings in Banks of India. Fresh graduates are preparing their best to clear Bank Exams. Bank Jobs are rewarding financially and give a lot of personal security. The reason for this is the government control over banks funds management system as they are key players of the economy.

Nowadays, there are many Bank Jobs in Public Sector. Many Banks are announcing their Probationary Officer or PO Exams The biggest milestone in the Indian banking industry was nationalization of 19 private banks in 1969. These nationalized banks together with RBI and State Bank of India played the key role for industrialization and infrastructure development in India.
The government owned banks and nationalized banks helped in the rural, agricultural, food production, animal husbandry, urbanization and infrastructure development. In industrial financing, the nationalized banks were actively supporting even years before the dedicated industrial financing houses started operating. Now the nationalized banks are more resourceful in terms of products and services as well as employment opportunities.
Bank Jobs in Public sector job in India. Bank jobs in public sector, sites on employment in government Banks as well as the job openings in PSU Banks. Through these PSU Banking jobs in India page, you can get to know about the various employment opportunities prevalent in Indian Banks such as State Bank of India, Govt. owned Banks, Government Banks, Commercial Banks, BSRB & Reserve Bank of India.

Banking Jobs in India are the emerging area for jobs in India

Banking Jobs in India are the emerging area for jobs in India. Consumer banking industry, with immense growth prospects, not only serve the community with cunventional banking service but fuel the growth of economy by loan and financing for various development work and thereby generate thousands of jobs and career opportunities in the banking finance sector of India. Jobs in banking operation involve helping people build fortunes in their respective life and business fields. Bank Employment and Finance Career opportunities are financially rewarding. In modern times banking jobs in India mean to understand the clients'needs, both business needs and personal and family finance needs. Also, banking professional can help people choose the right investment options available with the finance industry and other industries

More than 1500 bank job vacancies are there in various bank

In the month of October 2010 were almost 80 banking jobs vacancy.Senior Job Opening for Chief Executive Officer / Chief Executive Officer in The Jain Sahakari Bank for Mumbai location. The Thane Janata Bank is also recruiting Branch Manager, Officers in Senior / Middle Management / Mangers etc and the last day to apply is 10th November 2010. Central Bank of India is looking for Chief Dealers SMG Scale IV/V. EXIM Bank of India is Manager and Chief Manager for Corporate Loans. List of some of the most preferred Bank jobs Recruiter in October 2010.

The Thane Janata Sahakari Bank Recruitment
The Thane Janata Sahakari Bank hired Data Centre Engineer / Branch Manager / Chief Manager Audit & Inspection / Chief Manager Recovery / Chief Manager Forex / Chief Manager Credit. Most of these positions require experience of minimum 10 and CA/ICWA/MBA OR Graduate with CAIIB qualification.
some are the coming Bank jobs:

Chhattisgarh Gramin Bank 124 Assistants Feb 20, 2011

IDBI Bank 700 Executives Jan 23, 2011

Union Bank of India 1640 Clerks Feb 6, 2011

National Insurance Company 300 Officers Dec17, 2010 Jan 30, 2011

Tamilnad Mercantile Bank NEW Clerks Dec 20, 2010 -later-

Dena Bank NEW 352 Officers,100 po Dec 28, 2010 Feb 20, 2011

SBI to recruit clerical and officer

State Bank of India will be soon recruiting for nearly 30,000 Clerical & 5000 Officer positions to fill the job vacancies created by employee retirements & addition of branches.

According to the press release, State Bank of India recruited 22,000 employees & added opened 600 branches during 2009-10 taking the total number of branches to 12000. SBI is looking to open around 1000 new branches in the fiscal year 2010-11 across India, as the bank eyes an annual growth rate of 25 percent in the next few years. Hence with the opening of newer branches, a considerable number of employees would have to appointed.
Recruitments : Mr.Banerji also said that, SBI will soon announce job openings around 30,000 Clerks & 5000 Officer openings.Of these proposed 5000 openings, 2000 positions would be mainly created for rural banking.

Job Options in Commercial Banking

Credit Analyst

This is a common entry level job which requires that you evaluate business and consumer loan applications made to your bank. Your duties include projecting a company's future cash flow, evaluating its current financial soundness, visiting and interacting with financial people at businesses and dealing with lenders. You will learn a lot about business in this job. Your success in this job will depend on how detail-oriented you are, your knowledge of accounting and your ability to communicate.

Loan Officer

This is a highly desirable job in banking which involves making loans to businesses and consumers. Being a loan officer requires that you have good selling skills, an ability to understand a business and a solid understanding of how banking works. Most people in upper management at banks were once loan officers.

Branch Manager

You would be responsible for overseeing all activities at your branch including opening new accounts, loan origination, solving customer problems, foreign exchange and safe deposit boxes. Most importantly, you are responsible for establishing relations with customers. This job can be very satisfying, is never boring and requires you to be hands-on. Many bank managers start as tellers or customer service representatives. Key things go have for this position are customer service skills, empathy, quantitative ability, strong work ethic, organisation and and a solid understanding of banking. Can move up to be a market manager and oversee branches in a market.

Trust Officer

In this job you would deliver trust services, financial products and advice to bank customers (often more upscale ones). This work will give you knowledge of business, investing, estate planning, taxes, probate law and will involve a lot of counselling.

Mortgage Banker

Your job will be to make mortgage loans to homebuyers and businesses. This involves heavy contact with real estate professionals, credit checks, and dealing with new buyers. Today, many loans are sold to other investors in the mortgage backed securities market. (Find jobs like this)

Other jobs in banking involve accounting, marketing and advertising, commercial card operations, securities transfer, wire operations, private banking, cash management services, installment loans, loan servicing, corresponent banking, personnel, operations and commmunications.

Facts and Trends about Commercial Banking

Banking is Satisfying

Money magazine surveyed 100 jobs in the United States. The job of banker was listed as the second most satisfying. Bankers love their jobs!

Banking is in a Period of Consolidation

Banking is going through a period of tremendous consolidation with frequent mergers and layoffs. Mergers abound such as those of Citibank and Travelers into Citigroup or NationsBank and BankAmerica. Customers don't go to branches like they used to and increasingly rely on ATM's and electronic transactions. And many now direct their savings into mutual funds like Vanguard and Fidelity. At the same time business increasingly raise money using commercial paper and medium-term notes instead of bank loans. This means jobs are getting tighter. Fortune: "Few industries have experienced as intense a spasm of consolidation and corporate restructuring as has banking in the past decade. New mergers-and job cuts-are announced practically every week..."

The Bad Economy of 2009 is Impacting Banking

Certain banks like Citigroup have been profoundly impacted by the most recent financial crisis. And, of course, numerous banks in the mortgage area have taken losses and have applied for TARP funding. But more broadly profitability has been hit in many places. This has caused the industry to engage in significant cost cutting and "penny pinching". Interestingly, numerous banks remain profitable and continue to "hire at all levels."

Don't Forget Government Job Opportunities in Banking

State governments and the U.S. government actively recruit banking regulators. Interesting places to look include The Office of Thrift Supervision, the Federal Financial Institutions Examination Council and the Federal Reserve Banking System.

Branch Out

Jobs in bank branches could be risky. According to a study by Deloitte & Touche about 30% of bank employees (850,000 people) work in branches. However, productivity improvements were expected to replace 151,200 of them, and electronic delivery of services was projected to eliminate an additional 344,400 jobs. When new jobs created by electronic delivery services were factored in, the study showed a net loss of 450,000. This could continue going forward.

Banking is Shrinking

The business of banking is changing dramatically as traditional demand deposit and CD business shrinks. The U.S. banking system's share of financial assets in the economy has sunk to 25%, the lowest in the last 130 years.

Specialised Banks are Doing Best

Banks which specialise in a niche such a retail lending, credit card operations, cash management or global retail appear to be doing better than more diversified banks. Expect focused banks to continue to succeed and create more jobs.

You May be Travelling

Regulations now permit interstate banking. Historically, you might not have been asked to travel much as a banker or deal with businesses in other states. That has changed.

Middle-Managers Are In Demand

The shake-up in banking has left a shortage of good middle-managers, especially at smaller banks which find it more difficult to hire well-trained managers away from well-staffed larger banks. Other hot areas include loan review officers, technology specialists and auditors.

Getting a job in Banking operations in India

If you want to work in the Indian banking sector then, it is certainly a good choice as the banking operations are really opening up with a lot of job opportunities for youngsters and the experienced. There are several premium job openings in this sector and can do a lot for your career prospects long time.

The banking operations in India have been at an all time high and can offer several privileged job opportunities in the field of banking. The recruitment process is the based on best practices that is followed internationally for recruiting candidates.
The openings for the posts of clerical staff, probationary officers and management cadre arise regularly. The banking operations jobs in India stress on educational qualifications, along with relevant experience in the field of customer service and banking. There are skilled professionals in the banking and customer service domain that are always required and wanted by the bank. The vast number of jobs and careers that Banking operations jobs in India offers is a testimony of its commitment towards it customers and employees.

The selection process includes the following steps. One has to follow the following methods to qualify finally for a banking job.

• Calling for applications from eligible candidates
• Applying either online or via post
• Receipt of the application
• Dates for the exam and the exam code
• Announcement of the results for the written test
• Interview
• Announcement of successful candidates
• Medical and verification of data including certificates, police records
• Offer letter and joining the bank for a satisfying career.

The banking operations jobs have certain set eligibility criteria which are the candidate should be a Indian citizen, between the age of 18 and 28 for clerical cadre and are at least a graduate from a reputed university or college. Higher education and experience is always given due importance.