This document provides an overview of the history and current state of banking in India, as well as opportunities for careers in banking. It discusses how banking has evolved from the early presidency banks established under British rule to the current system with public, private, and foreign banks. The document outlines various entry-level positions such as clerks and probationary officers, required qualifications, pay and benefits, as well as subjects covered in typical banking exams. Overall, it presents banking as a stable career option with opportunities for growth.

1. “SECURE YOUR FUTURE
WITH A BANKING
CAREER”

2. Introduction
Kautilya, in 330 B.C. recognized the
importance of accounting methods in
economic enterprises. He developed Book-
keeping rules to record and classify
economic data. He also linked the successful
enforcement of rules and regulations to
their clarity, consistency and completeness.
He also emphasized the role of ethics in the
economic activities.

3. History
History of Banking :
 Pre-independence stage
 Post Independence stage
 Nationalization of Banks
 Introduction of Financial Sector
Reforms
 Globalization
 IT revolution

4. Indian Banking History
History of Banking in India:
There were three oldest Banks
 Bank of Bengal
 Bank of Bombay
 Bank of Madras
These banks were called Presidency Banks.
They merged in 1925 to form the Imperial Bank of
India, which after independence became State Bank
of India.
Reserve Bank of India came into existence in 1935
which took the responsibility of regulating Banking
sector as Central Bank in India.

5.  In 1948, the Reserve Bank of India was
nationalized, and it became an institution
owned by the Government of India.
 In 1949, the Banking Regulation Act was
enacted which empowered the Reserve
Bank of India (RBI) "to regulate, control,
and inspect the banks in India."
Banking Scenario after Independence

6. Nationalisation of Banks
 On July 19, 1969, 14 major banks
were nationalised.
 On April 15, 1980 another 6 banks
were nationalised.
 With the nationalisation, the banking
in India shifted from ‘Class’ banking to
‘Mass’ Banking

7. Liberalisation
 In the early 1990s the Govt embarked
on a policy of liberalisation and gave
licences to a small number of private
banks, which came to be known as
New Generation tech-savvy banks like
Global Trust Bank, UTI Bank(now re-
named as Axis Bank), ICICI Bank and
HDFC Bank.

8. Current Banking Scenario
 Currently, India has
 81 scheduled commercial banks (SCBs) – 28 (19
Nationalized banks + 8 SBI Group + 1 IDBI),
 29 Foreign banks
 24 Private banks.
 combined network of over 53,000 branches and
17,000 ATMs.
 The public sector banks hold over 75 percent of
total assets of the banking industry, with the
private and foreign banks holding 18% and 7%
respectively.

9. Scope of Career in Banks
 A career in the banks has always been a
sought-after one. Fascination with banking
services has never been higher than at
present. With the advent of private and
foreign banks, the interest of youth in
joining banks has only increased further.
Another notable factor has also been the
pay package which has fattened
considerably with the coming of these
banks.

10.  As the industry is growing there is no
dearth of opportunities. In nationalized
banks, one can expect regular promotions
while in private banks it is performance
that is rewarded.
 As financial services get automated, the
industry requires a large number of
computer experts.
Opportunities

11. Career in Banking-Positions for Entry
Clerks
Probationary Officers (PO)
IT Officers.
Agriculture Officers
Industry Officers
Law Officers
Hindi Officers
Economic Officers
MBAS, CAS Direct Entry As Manager, Sr.
Manager

12. Qualifications for Banking Jobs
Clerical Jobs:
 Minimum Qualifications 10+2 with marks
50% and above or Graduation.
 Age 18 yrs to 28 years.
Probationary Officers
 Minimum Qualifications are Graduation with
marks 55% and above.
 Age 21 yrs to 30 years.

13. EMOLUMENTS: PAY
 on probation for a period of two years a
starting basic pay of Rs. 16,900/- in the scale
of Rs.14500-600/7-18700-700/2 -20100-
800/7-25700 applicable to Junior
Management Grade Scale I.
 initial monthly emoluments of Probationary
Officers, including D.A., H.R.A. and C.C.A., are
approximately Rs. 27,800/- at Metropolitan
centers.
 Initial monthly emoluments for clerks
15000/ including D.A., H.R.A. and C.C.A

14. Benefits
 Entitlement of perquisites are as per
extant instructions applicable from
time to time viz. HTC / LFC, Provident
Fund/ Pension, Medical aid for self and
dependents, leased house, Concession
for Housing / Car / Personal Loans

15. Features of Banking Jobs
The best features of the job are
Security
Good perks
Good salary
Loans for employees.
Good scope for promotions.
Demand for trained professionals

16. Job Requirements
 Bank jobs come with responsibility, as the
banker handles other people's money. The
person must be service-oriented and like to
look after customers.
 Assess your aptitude before joining a career
in banking. The personality required is a
mix: for marketing and meeting customers
an outgoing personality is required, while
for keeping accounts a diligent and
persevering attitude is required.

17. Environment in Banks
 One reason to be excited about
banking as a career is the rapid
change taking place. The jobs are
becoming comfortable, as the physical
environment is pleasing and
computerisation has taken the load off
tedious jobs. As competition increases,
a good banker will certainly be in great
demand.

18. Subjects for Banking Exams
 Recruitments are on the basis of a
written test
 General Awareness
 Test of reasoning
 Quantitative Aptitude
 English language
 IT Terminology
 Concepts of Marketing and/or a
descriptive test.

19.  After the written examination, the short-
listed candidates are called for an
interview. General questions are asked to
check the candidate's general awareness
and relevant issues related to Economy.
 Interview focuses on the candidates
aptitude on Decision Making, Risk Taking,
Marketing, Knowledge of Computer and
Aptitude for accepting Challenges.
Preparation for interview

20. Position of Openings in Banks
 During Current year Banking System is
likely to offer employment to about 4
to 6 lac people out of which SBI has
already declared openings for 20000
clerks, 3500 POs, 150 Technical
Officers. Other banks have also
offered similar positions in addition to
regular recruitments by Private and
Foreign Banks.

21. Banking Career makeover
Program
 Comprehension of English
Language
 General Awareness
 Mathematics
 Test of Reasoning/Mental
Ability/Aptitude
 Computer Knowledge
 Knowledge of Marketing