There are many Bank Jobs in Public Sector

There are many Bank Jobs in Public Sector. Many Banks are announcing their Probationary Officer or PO Exams The biggest milestone in the Indian banking industry was nationalization of 19 private banks in 1969. These nationalized banks together with RBI and State Bank of India played the key role for industrialization and infrastructure development in India. we have tried to list all the relevant bank jobs in public sector, sites on employment in government Banks as well as the job openings in PSU Banks. Through these PSU Banking jobs in India page, you can get to know about the various employment opportunities prevalent in Indian Banks such as State Bank of India, Govt. owned Banks, Government Banks, Commercial Banks, BSRB & Reserve Bank of India. Reserve Bank of India Jobs

Career
Visit this page for Career in RBI: http://www(dot)rbi(dot)org(dot)in/scripts/Vaccancies(dot)aspx
RBI is the main bank of India it has vast responsibilities for management of finances throughout the country in line with the govt policies. RBI also announces many Bank Jobs for the post of PO, Clerks, Special Officers, etc. Reserve Bank of India operates as the authority for credit control, inflation control, currency production and management, rural and urban banking, government funding, etc. RBI has offices in most state capitals, and it generates thousands of Bank Jobs throughout its offices.

State Bank of India

State bank of India, the largest commercial bank of India, is owned by the Govt. of India. SBI has many banking and non-banking subsidiaries, which are functioning towards the banking and financial sector in various regions and also on national and international platforms. There are International subsidiaries of SBI in many countries such as USA, Mauritius & Lagos. State Bank of India gives rise to many Bank Jobs in Different cities of India. State Bank of India publishes its Recruitment related advertisements and results in this section of Naukrihub.

Union Bank of India

Flagged off by great Mahatma Gandhi, Union Bank of India is an innovative commercial bank in the Indian banking space. The bank offers personal banking, NRI banking and Corporate Banking services through its branches and via internet.

Careers with Union Bank of India
Visit this page for Career in Union Bank Of India: http://www(dot)unionbankofindia(dot)co(dot)in/lt_careers(dot)aspx
The Union Bank conducts recruitment exams for the Bank Jobs like Probationary officer or PO, clerks, specialist officers, etc. to find suitable human resources every year.

India Banking Jobs are emerging

With a steady growth in consumer banking sector, India Banking Jobs are emerging as the most sought after by the job seekers. Indian banking industry not only facilitates the community needs but also triggers economic expansion by financing infrastructure and other developments.

Modern banking involves the understanding of client's requirements both in terms of his personal as well business plans apart from assisting customers in selecting the right investment alternative available in the market.

If you are looking forward to a career in banking industry and you have the right mix of strong analytical and mathematical skills, then you have a variety of career options open for you.some of the banking jobs are:

DENA BANK www.denabank.com invites ONLINE applications for PO & other Officer grade Refer website or Employment News Dated 11-17 Dec'10.

Bank http://idbi.com/ invites ONLINE/ OFFLINE applications for Executive on contract basis 700 posts Refer website or Employment News Dated 04-10 Dec'10.

UNION BANK www.unionbankofindia.co.in invites online applications for PO and other officer grade posts Refer website or Employment News Dated 13-19 Nov'10

Baroda Rajasthan Gramin Bank www.brgb.co.in invites ONLINE applications for Officers scale I & II & Office Assistant Refer website or Employment News Dated 13-19 Nov'10

Bank jobs booming in india

Deutsche Bank AG in India, which has grown from a greenfield investment bank to one of the top players in this space by collecting the highest fees in calendar year 2010, has identified 20 large companies to advise for acquisition deals and 25 firms to raise capital both in the domestic as well as global markets in 2011.The plan is to raise $12-14 billion (`54,000-63,000 crore) in the first quarter ending March, around 60-70% of money raised in 2010.Deutsche Bank will be open huge bank jobs in the first quarter on next year 2011.

“It’s a very high return on equity business,” said Chadha, adding, “it is profitable when you consider the full spectrum of investment banking—capital markets, merger and acquisitions, foreign exchange, credit trading, equity sales and trading.”
“There are parts of the investment banking business where the rewards are in the heaven, but fortunately several parts where the rewards are here on the earth,” Chadha said.
As a strategy, Deutsche Bank is after large-ticket deals that matter. With the momentum in investment banking picking up, it is sitting on around 16 equity-raising mandates and is eyeing another nine possible mandates, Sanjay Sharma, head-equity capital markets (ECM), Deutsche Equities India, said.so the banks need huge manpower.so,the bank jobs will be increased in india.

Common entrance test planned for bank jobs from next year

There's good news about bank jobs for those aspiring to join public sector banks and for the banks themselves.

Aimed at reducing recruitment-time and the hassles associated with recruitment - for both banks and candidates - there will now be a common all india entrance test from next year onwards for those seeking to join public sector banks.

The bank jobs recruitment process which now takes about a year to be completed will drop drastically by a third, reducing the mental tension candidates presently go through after an exam.

"There will now be a common pan-India entrance test which will help in reducing recruitment-time by almost a third of what it takes now," Indian Banks Association's Chief Executive, K Ramakrishnan, told PTI here today.

Presently, it takes about a year for the recruitment process to be completed by public sector banks, beginning from the advertisement stage to examination and interview stage through to the final recruitment.

Three-four such common entrance examinations are planned to be conducted every year and "this should begin in 2011," Ramakrishnan said.

The exam will be conducted by the Institute of Banking Personnel Selection (IBPS) which will declare the results of the exam and give a scorecard to the candidates, valid for up to one to one-and-a-half-years.

The exams will be mainly for clerical staff and entry-point officers

Career in Banking Jobs

The banking industry has passed through a volatile period and even though it has seen its share of hard times, banking jobs are expected to grow over the next decade. Many of these jobs are for administrative staff and support. In fact, nearly 64 percent of banking jobs are of this type. These areas are where the biggest opportunity for jobs will be found as they have a high turn over rate.

Management positions are commonly filled from within the company by promoting highly skilled personnel and these jobs are more competitive to obtain. These jobs require suitable education such as an MBA. There are also specialized jobs within the banking industry and these require additional training and certifications. For example, those who wish to pursue a career in mortgage lending might want to take the Certified Mortgage Banker program available through the Mortgage Bankers Association. Someone seeking employment selling securities needs to hold a license from the National Association of Securities Dealers.

When competing for top level banking jobs, proper training and credentials is important. Of equal importance is the type and amount of experience in the industry as most upper level jobs are filled by promotions from within. A willingness to start at the bottom and work your way up is a good attitude to have when it comes to these jobs.

Banks deal in all kinds of transactions and it takes all kinds of skilled personnel to handle them properly. In addition to support staff, management staff, and mortgage lenders, banks also need auditors, accountants, computer specialists, and even legal personnel. Banking jobs also require an ability to deal with the public in a friendly and helpful way and an attention to detail and numbers. Advantages to banking careers are the pleasant working conditions and hours as well as the opportunity to have holidays and weekends off in most branch locations.

Jobs in Banking Industry

There has been tremendous growth of banking sector in India with many banking job opportunities and large number of banking job seekers. Private and Public banks along with Indian and Foreign banks are recruiting professionals in huge numbers to meet the growing demand. There are opportunities at all levels i.e. entry level, middle level and top level. Some of the major career opportunities and skills are listed below.

Relationship Managers

Candidate with experience of sales and ability to successfully drive multiple sales targets.

Skills -

- Involves meeting with corporate clients in given portfolio on a regular basis for opening new accounts and ensuring smooth relationships.
- Meet Cross sell challenges across product lines.
- Manage key issues and be a front end all consumer bank related queries for the corporate.

Credit Analyst

Chartered Accountant / MBA (Finance) with accountability for the treasury limit setting process for treasury clients, including the consistent application of the banks credit policy and periodic treasury limit reviews of existing treasury clients, with the goal of optimizing the treasury ability to service clients in Foreign Exchange and Structured Products.

Skills -

- Analyse financial information, such as balance sheets, management accounts and cash flow statements for setting up of treasury limits.
- Assess the credit worthiness of client companies.
- Should be in a position to independently analyze the financial markets, market trends, political and economic indicators and advice structured hedging solutions to corporates.
- Write credit proposals for treasury clients in the banks "credit policy" format.
- Apply for treasury limits through the Account Relationship Manager for clients who already have limit facilities with Corporate Banking Department.

Branch Manager

Development of the Banking functional network. Managing the recruitment / induction of professionals and develop potential managers. Provide leadership and management for other teams. Establish and maintain high standards of work quality, as measured by productivity, customer complaints and repeat business.

Skills -

- Should posses 5 - 10 years of experience in banking industry with past record of achievement in motivating others towards ambitious targets and higher levels of performance.
- Strong Leadership qualities and evidence of ability to motivate, coach and mentor others.
- A breadth and diversity of knowledge of the market place.
- Excellent verbal and written communication skills.

Key Accounts Manager

- Good knowledge and experience in capital markets product knowledge.
- Good personality & communication skills.
- Client acquisition, retention and growth.
- Maintain and manage good relations with HNI Clients and their portfolio composition.

Dealer

- Graduate with NCFM certified (Cash and Derivative Module).
- Communicating trading calls and investing ideas to customers.
- Monitoring day to day operations at Branch.
- Maintaining good relations with clients.
- Knowledge of Equities, Derivatives & Commodities Market, Business Development, client servicing and maintaining of existing & acquired accounts.

Other jobs include transit clerks, cashier, client servicing executives, bank tellers, loan officers and other banking related work professionals.

Top Banking and Finance Interview Questions

Some of the most common interview questions for an investment banking jobs interview include (some are a bit on the tough side but they DO come up very often, increasingly as a means of trimming down the candidate lists as the finance graduate job market gets harsher):-

1. How many degrees (if any) are there in the angle between the hour and the minute hands of a clock when the time is a quarter past three? [Typically asked during investment banking interviews for entry level investment banking graduate jobs]

2. Find the smallest positive integer that leaves a remainder of 1 when divided by 2, a remainder of 2 when divided by 3, a remainder of 3 when divided by 4,... and a remainder of 9 when divided by 10 [Asked during interviews for quantitative finance jobs]

3. Two standard options have exactly the same features, expect that one has long maturity, and the other has short maturity. Which one has the higher gamma? [Typically asked during interviews for bank derivatives trading jobs]

4. How do you calculate an option's delta? [Asked during investment banking interviews for derivatives trading jobs]

5. When can hedging an options position make you take on more risk? [Typically asked during interviews for trading jobs]

6. Are you better off using implied standard deviation or historical standard deviation to forecast volatility? Why? [Asked during interviews for quantitative finance jobs]

7. Describe "duration" and "convexity". Describe their properties and uses [Typically asked during investment banking interviews for graduate investment banking jobs]

8. Two players A and B play a marble game. Each player has both a red and a blue marble. They present one marble to each other. If both present red, A wins Rs 3. If both present blue, A wins Rs 1. If the colours do not match, B wins Rs 2. Is it better to be A or B, or does it matter? [Asked during interviews for quantitative finance or derivatives jobs]

9. How do you "value" yourself? Here "value" means in financial terms [Typically asked during interviews for MBA finance jobs or experienced banking hires]

10. What distinguishes you from other candidates we might hire? [Typically asked during investment banking interviews for graduate investment banking vacancies]

11. If you could go on a cross-country car trip with any three people, who would you choose? Why? [Typically asked during interviews for corporate finance / mergers & acquisitions banking jobs]

12. Tell be about a stock you like or hate and why [Asked by job interviewers for any accounting, finance or job!]

13. What is the difference between default and prepayment risk? [Typically asked during interviews for credit jobs / risk management jobs]

14. How would you move mount Fuji? [Typically asked during investment banking interviews for consulting jobs or graduate accounting jobs]

15. Estimate the annual car demand for car batteries [Typically asked during interviews for corporate finance jobs, mergers & acquisition banking jobs or consulting jobs]