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The Evolution of Indian Banking Sector

As clearly revealed in the infographic, the various stages of development in the banking sector, the progression in the same has been commendable, with challenges for banking employees and hiring managers, being constant.
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The Evolution of Indian Banking Sector

  1. 1. EV. “/@flUUFH@[§] @E HMWUMM [KKIME $E@F@B3
  2. 2. YEAR OF ESTABLISHMENT NAME OF THE BANK BANK OF HINDUSTAN - I“ BANK OF INDIA I770 1786 GENERAL BANK OF INDIA I934 RESERVE BANK OF INDIA 1955 STATE BANK OF INDIA
  3. 3. % Numerous Bank Branches — Core Banking BI Deposit Banking
  4. 4. Presidency Banks / [> Policy Modifications & Social Banking I I I I Foundation for Modern Banking System Foundation for Private Players
  5. 5. u| ' 3m -‘ ' K‘ -‘A K‘ II‘ 5‘ 1 YEAR OF CHANGE I“ ', ‘ I '3 r‘u“I I ‘I 9: Standardize Cheque System Computerization of Banking process began
  6. 6. 1 994 Electronic Funds Transfer EFT System 20th Century Complete Digitization of Banking Sector
  7. 7. As of 201 5, almost every bank process in India is computerized and offers online services.
  8. 8. Tedious/ Manual Banking Services Easy-to-Use Virtual Banking Services Paper-Processing Machines Online Technology, ATM, Mobile & Related Tools & Social Banking Loads of Paperwork Paperless Services ‘I T?
  9. 9. Enhanced productivity with Less Productivity HRM & ERP System Global Access & Local Access . Door-to-Door Service Regular Visits to Banks Online Banking Services High Speed Connectivity, Modern PO07 Inf| 'aStTUCtU| 'e Office Amenities
  10. 10. 9 to 5 Banking Hours ‘Open 24 Hours’via Internet Banking 3+3 Rigid Exam Module Private & Public Exams, & Fixed Positions (Low Grade Multiple Positions (LOW & Middle Officers, clerk, Manager etc. ) Grade Officers, Managers, IT Pros, GMs etc. ) LT? Thousands of Employees Over 7 Lakh working Working in Public Sector Banks employees till 2014 A Indian banking industry is worth INR 81 trillion (USS 1.31 trillion) and by current pace it will be the 3rd largest in the world by 2025.
  11. 11. G CHREERBUILDER" Linked E twitter facebook G00gl€ + You / Careerbuilderin / Careerbuilderlndia / Careerbuilderln / Careerbuilderlindia / CareerBui| der| n

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