Banking

What is Banking?

In simple words, Banking can be defined as the business activity of accepting and safeguarding money owned by other individuals and entities, and then lending out this money in order to earn a profit. The banks perform financial intermediation by pooling savings and channelizing them into investments through maturity and risk transformations, thereby keeping the economy’s growth engine revving.

When Can I Enroll for Banking?

COURSE	ELIGIBILITY	DURATION	ENTRANCE EXAM
Certificate Course in Banking Management	Graduation [related field]	1 Yr.	No Exam
Diploma in Banking/ Banking & Finance/ Banking Cooperation/ Bank Administration/ Banking & Business Management	Graduation [related field]	1 Yr.	No Exam
B. Com [Banking & Insurance]	HSC [Sci/Com]	3 Yrs.	No Exam
MBA [Banking & Insurance] /PGPBF	Graduation [related field]	2 Yrs.	Autonomous Exam

How Can I Become a Banker

Generally entry level into banks is through examinations after Graduation/ HSC. For seeking entry into banking services a candidate must at least be a Graduate with fairly high marks. Recruitment for the Nationalized Banks is done through the Banking Service Recruitment Boards (BSRBs), while recruitment in Private Banks is direct. Private Banks gives preference to MBAs and Chartered Accountants who find direct recruitments as officers

What Personality Traits are Required to Become Banker?

Ability to Take Initiatives
Ability to Work in a Group
Communication Skills
Meticulous
Strong Leadership Abilities
Organizing Skills

Assertiveness
Diplomacy
Adaptability
Dynamism
Result-Oriented Outlook
Learning Ability

What Aptitude is Required to Become a Banker?

High Analytical Ability
High Numerical Ability

IQ Required to Become a Banker

Minimum Above average intelligence level is required.

Job Prospects for a Banker

Defense Sector
Government Organizations
Public Sector
NGO’s
Hospitals [Private/Government]

Co-operative Banks
Foreign Banks
Nationalized Banks
Private Banks
Reserve Bank of India
Scheduled Banks
State Bank’s & it’s subsidiaries

Regulatory Body

The Indian Institute of Banking & Finance (IIBF), Cuffe Parade. www.iibf.org.in
SNDT Women’s University, Mumbai. www.sndt.ac.in
National Institute of Bank Management, Pune. www.nibmindia.org
Institute for Financial Management and Research, Chennai. www.ifmr.com
Institute for Development and Research in Banking Technology, Hyderabad. www.idrbt.ac.in

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