Banking, Finance & Insurance

Why Opt for a Banking Career?
Bank jobs are backed up by a huge wealth of diversity and almost every vacancy created in a bank incorporates some sort of banking element such as law, accounting, investment banking, taxes, public relations, customer relationship management etc. Moreover a career in banking is international in nature and a number of international and private banks set up in the country have opened up opportunities for the deserving candidates.
For beginners, the banking sector provides an excellent opportunity to develop an understanding of the global economy. It paves the way for identifying various challenges in the marketplace and provides tremendous opportunities globally.
Types of Banks in India
The banks in India can be categorized as following.
Commercial Banks: The major role of the commercial banks is to enable businesses and entrepreneurs with the financial services. Commercial banks are further categorized into the following.
Private Sector Banks
Public Sector Banks
Regional Banks
Co-operative Banks: Co-operative banks mostly benefit the rural people like farmers, small scale industries etc. These are controlled and managed by the co-operative societies. These can be further categorized into
State co-operative Banks
Central co-operative Banks
Primary Agriculture Credit societies
Investment Banks and specialized banks: These provide financial assistance to its customers and provide necessary support like foreign exchange, sales of equities, foreign trading etc. to its customers.
Most of these banks offer better packages today and give a performance and experience based promotion. In case of public sector banks, professionals like engineers, doctors, MBAs and lawyers are appointed based on the results in All India Recruitment Exam. Probationary officers (Bank PO) are also recruited in public sector banks based on the Common Written Examination (CWE) conducted by the IBPS. It is estimated that public sector banks are to employ more than 7 lakh people in the near future.

Hi Puneet,
To guide you in a better way, we need some information like your interest, talents and career objective. You may explore Certified Financial Analyst (CFA), Cost Accountancy (from ICWA), Company Secretary Ship (CS), Stock Broking or MBA. Company Secretary acts as the mediator between the company and its Board of Directors, government, shareholders and regulatory authorities. The responsibilities of a CS are to ensure that the Board procedures are strictly followed and regularly revised; to guide the Chairman and the Directors on how to make the best use of their responsibilities under various laws. Opportunities for Cost Accountants are in the Private Corporate Sector, public sector to advise the government in cost pricing and in framing the appropriate fiscal and tax policies. A CFA is trained in financial/investment management and management accounting. The Reserve Bank of India, the International Development Bank of India, the Industrial Finance Corporation of India and the Indian Railways recognize the CFA program and employ CFAs. Stock Brokers work in stock exchanges which are like market places where stockbrokers buy and sell securities for individuals or institutions. An MBA will open up options in all industries in Marketing, Finance, Human Resources, IT & Systems and Operations. CS, ICWA and CFA are certifications you can get by ICSI (icsi.edu), ICWAI (icwai.org) and ICFAI (icfai.org) respectively. You may also explore banking jobs in nationalised banks and private banks. Openings are available at various levels, from Bank Clerical to Probationary Officers.Although you are not interested in CA but we would like to say that CA is a very reputed course with great prospects. A career in CA is much sought after because they possess the knowledge of identifying risks and designing control mechanism to counter those risks. There are opportunities in corporate houses, private or public organizations, starting his/her business.
Hope this information helps. Please feel free to revert.
Wish you luck.