BANKING SECTOR APPLICATION PROCESS

 SELECTION PROCESS OF BANKING SECTOR



How to start a career in Banking? There are numerous lucrative jobs in Banking which offer high salary and job security but preparing for a career in Banking generally means getting graduated with a degree in Finance/Economics/Banking/Commerce and cracking bank exams. The minimum qualification needed for a job in Banking is a bachelor’s degree in Commerce or Management-related specialisation. Further for banking jobs, you will have to study quantitative aptitude, general awareness, reasoning, English and basic computer skills to ace bank exams! Read this blog to know all about how to to start a career in banking, top courses, jobs, salary and more!

 

What is Banking?

The traditional definition of banking refers to the job of managing the financial assets of the individuals who approach to a particular bank. A banker basically acts as a protector for their money. Banks lend money, generate interest that creates profits for the economy.

 

Banks are institutions that are responsible for driving funds into the economy which further leads to the development of the country. Banking has been amongst the sought-after careers for ages, especially in India and still the mindset of the population has not changed. No matter the ongoing changes in the technology and the revolution taking place in the business industry, the only thing that has remained constant over centuries is having a career in the banking sector. Obviously one might not feel motivated to work in a sector if they are not aware about the present and future benefits. That is why we have provided a list of few benefits that will tell you why you should opt for a career in banking.


Comments

Post a Comment

Popular posts from this blog

BANK INTERVIEW QUESTIONS AND ANSWERS

Image
Why do you want to make a career in the banking sector? This question is common in bank interviews as the answer helps the interviewer understand your reasons behind the choice of career. Talking points can include the importance of the banking sector, its influence and growth trends. Avoid sharing personal reasons like salary, reputation, perks, etc., and answer with reasons and factual opinions. Sample Answer: The banking industry is lucrative and plays an important role in our economy. It offers challenging roles and opportunities to develop skills and knowledge. The dynamic nature of the industry and its relevance in the economic scenario is why I want to pursue a career in the banking sector. Can you elaborate on the types of bank accounts? Various bank accounts meet different objectives to fulfill the need of the account holder. The 5 most commonly used bank accounts to save or invest money are: Savings Account - It is a commonly used deposit account that allows...
Read more

BANKING PRODUCT AND SERVICE

Image
 BANKING PRODUCT AND SERVICE Savings Accounts: A savings account is a basic banking product that allows customers to deposit and withdraw money while earning interest on their balance. Checking Accounts: A checking account is a type of bank account that allows customers to deposit and withdraw money for daily transactions. Customers can write checks, use a debit card, or make electronic transactions to pay bills and make purchases. Credit Cards: Credit cards are a popular banking product that allows customers to borrow money from the bank to make purchases. Customers are charged interest on the amount they borrow and must make monthly payments to pay off the balance. Loans: Banks offer various types of loans to customers, including personal loans, home loans, car loans, and business loans. Loans are typically repaid with interest over a set period of time. Investment Services: Banks offer investment services, including brokerage services, financial planning, and wealth mana...
Read more

QUESTIONS AND ANSWERS

Image
1. Why do you want to join banking sector? Banking is one of the fastest growing sectors in India with more stable and high growth and more over providing a wide range of career opportunities for graduates. So I want to take an opportunity to join in a bank. 2. What is the difference between Cheque and Demand Draft? Cheque: Cheque is a negotiable instrument instructing a bank to pay a specific amount from a specific account held in the maker/depositor name with that Bank. Demand Draft: A demand draft is an instrument used for effecting the transfer of money. It is a negotiable instrument. 3. What is a Non-Banking Financial Company (NBFC)? A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures /securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchas...
Read more