Jobs in the banking sector are highly remunerative and provide stability and security especially if you’re working with the central or state government. RBI’s new measures may go a long way in helping the restructuring of the domestic banking industry. The banking sector is expanding rapidly which has led to an increase in job opportunities and recruitment. Currently, banking jobs are among the most in-demand jobs in India.
About Banking Exams
Several students appear for various banking exams conducted by IBPS, Reserve Bank of India, State Bank of India (SBI), and private banks every year. Writing bank exams and getting into public sector banks has become a dream for a number of graduates.
Types of Banking Exams
The following is the list of banking exams conducted by various private and government banks:
- IBPS PO, IBPS Clerk, IBPS RRB, IBPS SO (NABARD)
- SBI PO and SBI Clerk
- South Indian Bank
- RBI Grade B
- Bank of Baroda
- IPPB Recruitment
- IDBI PO
Apart from the above-mentioned bank exams, you can also apply for the following exams as the also have the same exam pattern as the government banks:
- NIACL Assistant
- NICL AO
- LIC AAO
You can also apply in the private sector banks like:
- ICICI Bank
- HDFC Bank
- Kotak Mahindra Bank
- AXIS Bank
The private sector banks hire candidates at a good pay scale and there are a lot of other perks as well (but not more than the Government banks.)
Either way, you need to prepare well in order to secure yourself a job in the above-mentioned organizations. It is advised to understand the exam pattern of these exams and study in a well-planned manner.
Bank syllabus is one of the most important aspects for a candidate to be aware of, if preparing for bank exams. The syllabus of all banking exams is more or less similar.
Syllabus of banking exams mainly comprises of Quantitative Aptitude, Reasoning Ability, English Language, General Awareness, and Basic Computer Knowledge.
- Reasoning Ability: Sitting Arrangements, Logical Reasoning, Syllogism, Input-Output, Coding-Decoding, Alphabetical Series, Coded Inequalities, Non-Verbal Reasoning.
- Quantitative Aptitude: Number Systems, Ratio & Proportion, Percentage, Averages, Profit & Loss, Simple Interest & Compound Interest, Time & Distance, Sequence & Series, Permutation Combination & Probability, Quadratic Equations, Data Interpretation.
- English Language: Reading Comprehension, Cloze Test, Error Spotting, Sentence Correction, Para Jumbles, Vocabulary, Fill in the blanks.
- General Awareness: Banking Awareness, Economy based current affairs, Government Schemes, Awards and Honors, National and International, Obituaries, Reports and Indexes, Books and Authors, Defence, Sports.
- Computers: History of Computers, Hardware, Software, Networking, Internet, Operating System, Security Tools, MS Office.
Also Read: Bank Job
Tips for banking Exams
Take a mock test online
The test will make you aware of the pattern being followed in different sections, level of difficulty, and your current status. To know ‘Where do I stand?’ is extremely crucial before you actually put in your time and efforts preparing for a competitive exam.
Go slow but go in-depth
Once you’re done with the analysis part you should then work on the fundamentals.
Practice is the key to success
BUT before you start practicing you must study and understand the basic pattern of questions & syllabus of different banking examinations like IBPS PO/SBI PO.
You should read newspapers, magazines regularly and also update yourself with current affairs, daily events, and activities. Especially from the banking and finance industry.
Practice more so that you are able to solve all questions within the given time limit.
It is important for students to strategize a plan of study to get through these examinations. Dedication and determination will enable them to clear these examinations with flying colors