Private sector banks, like the public sector banks, in India are dedicated to serve the financial market of the country. Private Banks also play a major role for economic development of the country. They offer the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. They have smoothen the practice of business expansion, especially for multinationals companies. Private Banks are growing at a faster rate in India than Public Sector banks.
The private banks, though were limited a decade ago, has flourished immensely in the present Indian financial System. Many Domestic and Foreign private banks have made their presence felt in the overall financial market of the country, due to its better customer service and specific schemes for individual customers. The luring offers and dedicated services to the trustworthy customers of the banks have turned many into using private banks, as their preferable banks. The increasing number of branches and ATMs across the country has also helped increasing the number of such private banks penetrating the Indian financial market. Foreign banks like Citi Bank, Standard Chartered, Royal Bank of Scotland (RBS) and others have tapped the potential of Indian customers, and have established new branches all over the country. The Domestic private banks like Axis, ICICI, HDFC, Kotak Mahindra, Yes Bank, ING Vysya etc. are dominating the Indian banking scenario as well. ICICI Bank is India's largest private sector bank and second largest commercial bank after SBI. .
Recruitment Process for Private Sector banks
Many aspiring candidates dream to join the private banks due to its pay structure and ease in competition, than in the public sector banks. The private banks offer jobs for various posts. Candidates can apply for the posts available with the bank, if they possess the required qualification and experience. Most of the private banks recruit candidates through written examination and personal interview, like the public sector banks. The difference between the two is the scale of examination. The examination is conducted by individual banks.
Different type of Job profiles in Private Banks:
The private banks offer various job profiles including, Relationship Manager, Assistant Manager, Information Technology (IT) Officer, Security Manager, Law Executive, HR Manager, Branch Manager Business Development Manager, Teller etc..
The candidates for various posts need to attain various educational degrees such as MBA, CA, Graduation, Post-Graduation, ICWA etc. Freshers could also apply for vacancies that are available with website of individual banks. The private banks invite applicants to apply for individual posts, which lay vacant in their branches and thus the candidates need to have a constant follow-up to their official websites. The candidates must undergo the official notification to get a clearer idea about the examination pattern, syllabus, eligibility and job profile related with the post. Candidates having a commerce, finance or economics background in their higher secondary or Graduation studies are preferred by the private banks. Computers skills are also an integral part, for the candidates to get through and acquire the job in private banks.
Interview Play major role for getting private sector Bank job:
The aspiring candidates who want to join the private banks need to understand that these banks are looking for bright and talented candidates who are futuristic and are dedicated to increase the business of the bank. Instilling confidence in oneself is the key to success in getting a private sector bank job. Candidates need to present themselves in front of the interview panel in such a manner that they can convince the board about their abilities to become the face of the bank; like they can deal with the customers efficiently, increase sale of bank’s product and cross selling etc.
Various courses in Banking:
Candidates can also undergo various courses available for banking studies from different institutes of repute in India before applying for the private sector banks. They can initiate preparation for the courses at their homes, by undergoing previous year question papers and model sets. Though these courses can never guarantee your success in getting a private bank job, these surely can develop your knowledge and information about the banking sector and its working methodology in detail.