The importance of public and private sector banks has increased due to the ban on the filing of nomination. According to a study by KPMG-NSDC, between 2017 and 2022, there are estimated to be about 10 lakh additional jobs in banking, finance services and insurance sector in the country. If you are interested in managing the rupee, then you can secure your career in this growing sector continuously.
Banking has always been a safe field regarding careers. Continual progress and improvement in this area are also happening. Today a large population has its bank accounts; there are debit credit cards in hand.
There are facilities like e-banking and mobile banking, which have made the future of banking brighter. This is increasing competition among the banks. All banks and financial institutions need professional people to strengthen their systems further. Also, the scheme for licensing of new banks has increased the possibility of creating more opportunities in this field.
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There are currently 26 public sector banks (including State Bank and its associate banks) in the country. There are also 25 private banks, including ICICI, HDFC, Axis Bank, Citibank. The number of foreign banks is too close to 43, whose branches are in different cities of the country.
Apart from this, thousands of branches of regional rural banks, cooperative banks, and commercial banks are also being run in small, medium cities and village towns across the country. All these banks are required for large-scale and regular professions. Given the rapidly growing banking business, it is estimated that by the year 2020, India will become the world’s largest banking hub.
Demand for banking training in Delhi
The sessions related to banking and finance are proving to be very helpful in making the youth a finance professional. How did a student become a professional banker? How to work in any emergency? How to handle financial planning and business transactions well? All these students are duly trained.
This area is especially useful for those young people, who are willing to work in the financial market. Public sector banks have to take competition examinations conducted by IBPS and SBI after graduation in PO, Clerk-cum-Cashier and other posts. But private banks give preference to trained youth in banking and finance for the appointment of professionals.
Where are the opportunities?
For the youth, most job opportunities in banks are in finance, marketing, and PR sector, where there are many better profile jobs, including clerk, PO, branch manager, sales manager, collection manager, and field officer. Apart from this, there are various options in the departments like International Banking, Corporate Loans, Financial Research, Treasury, and Forex.
Many courses are being run in banking and finance, for example, job oriented banking program in India, MBA in Banking / Banking Management, PG Diploma in Banking, Insurance, and Financial Services, Global private banking training courses, etc. to prepare young professionals professionally. All these, courses are of one-year duration, which you can do after graduation. There is no stream set for these courses. Although it is mandatory for many institutes to have a minimum 50% marks in the graduation for admission to the course. Apart from this, some institutes also conduct entrance examinations.