Indian Banking Industry: Challenges and OpportunitiesWaqas Tariq
Abstract: The banking industry in India has a huge canvas of history, which covers the traditional banking practices from the time of Britishers to the reforms period, nationalization to privatization of banks and now increasing numbers of foreign banks in India. Therefore, Banking in India has been through a long journey. Banking industry in India has also achieved a new height with the changing times. The use of technology has brought a revolution in the working style of the banks. Nevertheless, the fundamental aspects of banking i.e. trust and the confidence of the people on the institution remain the same. The majority of the banks are still successful in keeping with the confidence of the shareholders as well as other stakeholders. However, with the changing dynamics of banking business brings new kind of risk exposure. In this paper an attempt has been made to identify the general sentiments, challenges and opportunities for the Indian Banking Industry. This article is divided in three parts. First part includes the introduction and general scenario of Indian banking industry. The second part discusses the various challenges and opportunities faced by Indian banking industry. Third part concludes that urgent emphasis is required on the Indian banking product and marketing strategies in order to get sustainable competitive edge over the intense competition from national and global banks. This article is a small seed to existing branch of knowledge in banking industry and is useful for bankers, strategist, policy makers and researchers. Key words: Rural Market, Risk Management, Global Banking, Employee and Customer Retention.
INDUSTRY OVERVIEW
Evolution of Banking Sector in India
Structure of Banking in India
Parameters/ Indicator – banking Sector
Growth of the Industry with Examples
Prominent Companies in the Banking Sector
New entrants in the Banking Sector
Exit of Banks
Major Decisions take by the Government for Banking Sector
Banking industry of india analysis - PDFdeniver003
Let’s have an analysis of Indian Banking industries. This PDF Contains various banking overview, and a dig at the segmentation of the Indian banking industry, as well as classification, NBFCs, Digitalization of banking, and role of RBI.
Indian Banking Industry: Challenges and OpportunitiesWaqas Tariq
Abstract: The banking industry in India has a huge canvas of history, which covers the traditional banking practices from the time of Britishers to the reforms period, nationalization to privatization of banks and now increasing numbers of foreign banks in India. Therefore, Banking in India has been through a long journey. Banking industry in India has also achieved a new height with the changing times. The use of technology has brought a revolution in the working style of the banks. Nevertheless, the fundamental aspects of banking i.e. trust and the confidence of the people on the institution remain the same. The majority of the banks are still successful in keeping with the confidence of the shareholders as well as other stakeholders. However, with the changing dynamics of banking business brings new kind of risk exposure. In this paper an attempt has been made to identify the general sentiments, challenges and opportunities for the Indian Banking Industry. This article is divided in three parts. First part includes the introduction and general scenario of Indian banking industry. The second part discusses the various challenges and opportunities faced by Indian banking industry. Third part concludes that urgent emphasis is required on the Indian banking product and marketing strategies in order to get sustainable competitive edge over the intense competition from national and global banks. This article is a small seed to existing branch of knowledge in banking industry and is useful for bankers, strategist, policy makers and researchers. Key words: Rural Market, Risk Management, Global Banking, Employee and Customer Retention.
INDUSTRY OVERVIEW
Evolution of Banking Sector in India
Structure of Banking in India
Parameters/ Indicator – banking Sector
Growth of the Industry with Examples
Prominent Companies in the Banking Sector
New entrants in the Banking Sector
Exit of Banks
Major Decisions take by the Government for Banking Sector
Banking industry of india analysis - PDFdeniver003
Let’s have an analysis of Indian Banking industries. This PDF Contains various banking overview, and a dig at the segmentation of the Indian banking industry, as well as classification, NBFCs, Digitalization of banking, and role of RBI.
Strikes and lockouts, weapons used by employer and employee, advantages and d...Suleyman Ally
meaning of strike and lockout.
types of strikes
Advantages and disadvantages of strikes
effects of strikes to workers, employer and the goverment
Weapons used by employees and employer
Banking sector is going to be the most watched sector in the coming quarters. There are reasons for this, RBI has reduced the CRR rate and repo rates. The debt/GDP ratio of the Government is scary at 80% essentially meaning that the Government cannot borrow much without jeopardizing stability of banking sector. Given project is an attempt to identify and analyse the vision and mission of HDFC bank, as well as comparing the position and strategies of the bank with its major competitor.
Project:
Provides all the crucial information on HDFC Bank Limited required for business and competitor intelligence needs.
Contains a study of the major internal and external factors affecting HDFC Bank Limited in the form of a SWOT analysis as well as a breakdown and examination of strategies of HDFC Bank Limited.
Major factors contributing the success of HDFC.
Industrial analysis of HDFC through Porter’s five forces model as well as comparing that with its competitor ICICI.
Analysis done on BCG matrix
With this project we have tried to understand the different business process identified by the bank, as well as analyzing its strength and weakness as compared to other banks. Our project is mainly concentrated on the comparative analysis of HDFC and competitor ICICI. The source of information is secondary that is through internet and different newspapers and sites of HDFC and ICICI as well as some of the journals.
Payments banks is a new model of banks conceptualized by the Reserve Bank of India (RBI) . These banks cannot issue loans and credit cards. Both current account and savings accounts can be operated by such banks.
Payments banks can issue services like ATM cards, debit cards, net-banking and mobile-banking.
These banks will aim at providing high volume-low value transactions in deposits and Payments / remittance services in a secured technology-enabled environment.
For quick service click: https://enterslice.com/payments-banks-license
GET FREE CONSULTANCY
Helpline: +91 9069142028
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August 2015 Edition of BEACON, A Monthly Newsletter by SIMCON.
Inside this issue:
About Us
Our Team
INDUSTRY ANALYSIS : NBFC Industry
COMPANY ANALYSIS : HDFC Bank
BRAND ANALYSIS : Rolex
Concept of the month: Pricing Myopia
The election to the Council of the Institute of the Chartered Accountants of India- Central Council and Regional Councils has been notified and are scheduled on December 3, 2015 and Dec 4, 2015. These elections are very important for Chartered Accountants Community as a whole including members in practice, members in employment as well as members in Industry/ Businesses.
The issues of proper Financial Management and Corporate Governance have taken a centre stage. The Public Sector Banks as well as Private Sector Banks are witnessing acute rise in nonperforming assets, moving up to 4.6% in March, 2015, whereas stressed advances have increased to 11.1% of the total advance, from 8% about 2 year ago. The major reasons as per a research of a large sample are as follows:
State Bank of India business loans is Introduced while keeping in mind the self-employed proprietorship/partnership firms and trading/manufacturing units. Under a business loan, an entrepreneur can borrow the loan amount to use it for business growth and expansions or to fund a start-up venture.
More info:-https://www.afinoz.com/sbi-business-loan
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
2. BFSI SECTOR
• Banking, Financial Services and Insurance
• Indian banking industry the third largest in the world by 2025
• The present Rs 64 trillion (US$ 1.17 trillion) Indian banking industry is governed by
the Banking Regulation Act of India, (1949)
• RBI manages the country's money supply and foreign exchange and also serves as a bank
for the Government of India and for the country's commercial banks
• The Indian economy will require additional banks, and expansion of existing banks to meet
its credit needs
3.
4. RESERVE BANK OF INDIA (RBI)
• RBI is the premier employers of India.
• It is the giant of money market and banker to the nation.
• Reserve Bank employees, generally, have a 5-day week at work, postings in metros or state
capitals, easily adjustable work atmosphere and best in industry pay packages
5. RBI HIERARCHY LEVELS
• Seniority levels of RBI Officers are divided into Groups (A to F)
• Group 'A' is junior-most while Group 'F' is the senior-most level containing Officers like DeputyGovernor, Governor, etc.
• All these officers collectively are called as Class-I employees
• Apart from these employees RBI also has a large number of Class-III and Class-IV employees which
work as service staff and other subordinate levels
• There is no Class-II level in RBI
6. RECRUITMENT
• Almost annually, direct recruitment of Officers is carried out at Group 'A' & 'B' levels and at Group 'C'
& 'D' levels for experienced people.
•
While Group 'A', 'C' & 'D' recruitment is nominal
• There are frequent recruitment of college graduates and postgraduates at Group 'B' level through
examinations conducted by Reserve Bank of India Services Board (RBISB)
• Salaries of officers are also differentiated on the basis of these levels.
7. BASIC PAY
CADRE LEVEL
GROUP 'A'
GROUP 'B'
GROUP 'C'
GROUP 'D'
GROUP 'E'
GROUP 'F'
BASIC PAY AT START
OF SCALE
17,100
21,000
28,350
39,850
42,300
60,600
ANNUAL INCREMENT
1,000
1,000
1,000
1,200
1,300
1,600
• Basic pay or base salary is the amount on which other components of salary will be based
• Basic Salaries for Group 'B' Officers are 21000.
• These will be supplemented by Dearness Allowance (58+ %), House Rent Allowance (10+
%), etc. making the gross salary well above 40,000
8. LOCAL AND FAMILY ALLOWANCE
• All Officers are eligible for it. it is available for all Officers other than Group 'F'.
• It is subject to maximum ceiling which varies with Level
CADRE LEVEL
LOCAL ALLOWANCE
L.A. CEILING
FAMILY ALLOWANCE
F.A. CEILING
GROUP 'A'
5% OF BASIC
1,300
4% OF BASIC
1,100
GROUP 'B'
5% OF BASIC
1,300
4% OF BASIC
1,100
GROUP 'C'
5% OF BASIC
1,300
4% OF BASIC
1,100
GROUP 'D'
5% OF BASIC
1,600
4% OF BASIC
1,200
GROUP 'E'
5% OF BASIC
1,600
4% OF BASIC
1,200
9. GRADE AND SPECIAL ALLOWANCE
• These allowances are given to all officers who are confirmed in their grade. In addition to being
confirmed,
• Officers should satisfy the eligibility criteria. The amount of Grade and Special allowance per
month are as follows
CADRE LEVEL
GRADE ALLOWANCE
SPECIAL ALLOWANCE
GROUP 'A'
GROUP 'B'
GROUP 'C'
GROUP 'D'
GROUP 'E'
GROUP 'F'
1,500
2,250
4,500
6,750
9,000
10,000
2,500
2,500
2,500
2,500
5,500
0
10. MONTHLY REIMBURSEMENTS - EDUCATIONAL,
HOUSEHOLD AND TELEPHONE
Employees are also eligible for reimbursement of amounts incurred on Education fees, Telephone
bills and also for employing domestic helpers.
CADRE LEVEL
EDUCATIONAL (Rs)
HOUSEHOLD (Rs)
TELEPHONE (Calls)
GROUP 'A'
GROUP 'B'
GROUP 'C'
GROUP 'D'
GROUP 'E'
GROUP 'F'
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
3,000
3,000
4,000
500
800
1,500
2,000
2,000
3,500
11. CONVEYANCE EXPENSES
• All the employees are eligible for a quota of petrol depending on their City and Grade.
• Those living in Mumbai, New Delhi, Chennai, Hyderabad or Bangalore get an extra 30 liters
above the quota for the Group.
• Those who don't own a car are given cash instead of petrol.
• However, it is advantageous for car owners because the cash payment is less and also the fact
that car owners also receive monthly vehicle maintenance allowance
CADRE LEVEL
PETROL FOR CAR
OWNERS (Ltrs)
REIMBURSEMENT FOR
OTHERS
CAR MAINTENANCE
ALLOWANCE
DIRVER ALLOWANCE
GROUP 'A'
120
4,000*
0
0
GROUP 'B'
120
4,000*
0
0
GROUP 'C'
150
5,000*
1,000
5,500
GROUP 'D'
180
6,000*
2,500
5,500
GROUP 'E'
210
6,000*
2,500
7,000
GROUP 'F'
270
6,000*
2,500
7,000
12. ANNUAL REIMBURSEMENTS - MEDICAL,
BOOK GRANT AND BRIEFCASE
• Apart from monthly reimbursements, there are certain allowances which are permitted to be
reimbursed annually.
• These are eligible on showing the receipts or bills. The maximum permissible amount for
medical, book grant and briefcase allowances are
CADRE LEVEL
MEDICAL
BOOK GRANT
BRIEFCASE
GROUP 'A'
4,000
4,000
5,000
GROUP 'B'
4,000
4,500
7,000
GROUP 'C'
4,000
5,000
7,000
GROUP 'D'
5,500
6,000
9,000
GROUP 'E'
5,500
6,000
9,000
GROUP 'F'
5,500
7,000
9,000
13. EASY LOAN FOR PURCHASE OF
CAR/BIKE/PC
• Concessional loans are available to all employees planning to purchase either a car, bike or a
Personal Computer/laptop.
• Loan can be retaken after repayment of old loan and expiry of minimum period of 4,1 and 5 years for
Car, Bike and PC, respectively.
CADRE LEVEL
AMOUNT PERMISSIBLE
GROUP 'A'
70,000
GROUP 'B'
70,000
GROUP 'C'
90,000
GROUP 'D'
1,10,000
GROUP 'E'
1,50,000
GROUP 'F'
2,00,000
14. PURCHASE ITEM
LOAN ELIGIBLE
INTEREST RATE
CONDITIONS
CAR
7,00,000
7%
MAXIMUM LIMIT = 90% OF
COST
MOTOR BIKE
75,000
6%
MAXIMUM LIMIT = 90% OF
COST
PC
50,000
6%
MAXIMUM LIMIT = 90% OF
COST
15. MAJOR FACTORS DEFINING PAY
Bipartite Settlements with Workmen
• Indian Banks' Association has been representing managements of banks in negotiations with
recognized Trade Unions for wage settlement of disputes resolution since 1966
• This meeting is held every 4 years where the major changes and demands of the union are
discussed and implemented by all the banks which come under the agreement
Banks that come under this agreement
•
•
•
•
Public sector banks
SBI associate banks
Private sector banks
Foreign Banks
16. II Bipartite Settlement dated 12.10.1970
Major achievements of this settlement were abolition of classification of areas for the purpose of pay
scales, DA, reduction in span of scales of pay from 25 to 20 years. The settlement was signed with
single majority union in the banking industry viz. AIBEA
III Bipartite Settlement dated 01.08.1979
Under this settlement, State Bank of India also became a party to the Industry level Bipartite
Settlement along with other 'A' Class banks.
Commercial banks follow Hire & Fire policy
Exceptions are Old private sector banks which have been established before 1991
17. COMMERCIAL BANKING
• Commercial Banks are those profit seeking institutions which accept deposits from general public
and advance money to individuals like household, entrepreneurs, businessmen etc
• .
• Work with the prime objective of earning profit in the form of interest, commission etc
• The operations of all these banks are regulated by the Reserve Bank of India
• The main source of income of a commercial bank is the difference between these two rates which
they charge to borrowers and pay to depositors.
Examples of commercial banks – ICICI Bank, State Bank of India, Axis Bank, and HDFC Bank.
18. CLASSIFICATION OF COMMERCIAL BANKS
Scheduled banks
Banks which have been included in the Second Schedule of RBI Act 1934. They are categorized as
follows
• Public Sector Banks
The banks in which majority of stake is held by the government. Eg. SBI, PNB, Syndicate Bank, Union
Bank of India etc.
• Private Sector Banks
The banks in which majority of stake is held by private individuals. Eg. ICICI Bank, IDBI Bank, HDFC
Bank, AXIS Bank etc.
• Foreign Banks
The banks with Head office outside the country in which they are located. Eg. Citi Bank, Standard
Chartered Bank, Bank of Tokyo Ltd. etc.
Nonscheduled commercial banks
The Banks which are not included in the Second Schedule of RBI Act 1934.
26. SKILLS THAT ARE ESSENTIAL
• Analytical skills, capability to study regulation and desire to get business are must-haves to
build a long and successful career in the BFSI sector.
• And to grow beyond the first two levels, inter-personal skills are most essential
• It is very important for new joiners to understand that they are using public money; hence
sourcing business must be done with extreme care.
• Diligent young people with patience will be useful in the Banking sector
27. KEY SKILLS
Key banking skill 1: intellect
A commitment to learning and a hunger for dealing with challenging situations is key.
Key banking skill 2 : innovation
entrepreneurial skills are vital, meaning the ability to think innovatively and spot areas for development.
Key banking skill 3: resilience
Ability to work under pressure, such as with impending deadlines and for prominent clients.
28. Note :
Detailed JOBS In the sector with the annual pay depending on the experience will be found in
the last two pages of the report
The 3 page tables gives complete details about the kind of jobs at various hierarchy levels and
the salary that is usually paid to these officers
Thank you