Career prospects in Banking

Career prospects in Banking:
The public banks are expected to grow at 10-15% and private banks at a slightly higher rate. In 2009 foreign banks in India will expand rapidly as branch licensing will be liberalised by the RBI in keeping with the WTO commitments. Projected recruitment this year is 30000, by next year is 55000 and by 2010 is 75000.

Qualifications:
Public Banks- 10+2(HSC) 60% or graduates can apply for the post of clerk.
To become a probationary officer, 60% at the graduate level is mandatory
Private Banks- 50% to 60% for the post of junior officer/executive and 60% for the post of probationary officer in graduate level exam.
CAs and MBAs are directly recruited at Deputy Manager or Manager level.

Remuneration:
Public Banks per month: Rs.6,000/(clerical) to Rs.30,000/(managerial) and annual increments at predetermined rates.
Private Banks per month: Rs.7,000/(clerical) to Rs.45,000/(managerial) and 10% to 60% of the salary is given as performance bonus.

Career ladder:
75% of new recruiters will be clerks or junior officers/executives, or probationary officers, or assistant managers.

Institutes conducting Banking course:
The institutes are listed below:
1. The Indian Institute of Banking and Finance
2. The Institute of Finance Banking and Insurance
3. ICICI Bank tie-ups with 50 Indian colleges/institutes for certificate course
4. The National Institute of Bank Management

Post Graduate Certificate in Retail Banking (PGCRB) – Career in Retail Banking

Introduction to PGCRB:
The new-age banker is characterized by knowledge of banking and allied disciplines, together with technology-familiarity, customer-orientation and hands-on application skills. The fastest-growing banks in the industry - the new private sector and foreign banks - are uncompromising in their need for all these attributes in the people they employ, therefore PGCRB program is unique in both its contents as well as methodology.

Job Guarantee:
All students who meet the below terms and conditions will be provided three recruitment process attempts. Once a student gets a placement offer from an organization the student is deemed to have availed the placement facility and IFBI has fulfilled its commitment:
- Overall Performance>=60% at the end of the program
- 85% Attendance
- Graduate with 50% marks
- Maintain satisfactory conduct throughout the program
- Submit duly filled in placement assistance request form

Name of the Institute conducting PGDBO course:
Institute of Finance, Banking, and Insurance (IFBI), an affiliate of NIIT

Objectives of the course:
- The students are equipped with banking related knowledge and skills.
- The students with essential soft-skills are required in modern banking industry
- Students with essential technology skills required in modern banking industry

Eligibility:
Final year graduates or
- Fresh graduates or
- Graduates with less than two years of field experience in banking.

Duration of the Course:
1. Post Graduate Certificate in Retail Banking (PGCRB) is a 5month program specially created for Final Year students/working professionals.
2. Three months supervised internship after completion of upgraded program.

PGCRB - Key features of the program
Program available in part Time mode Part Time Mode has 5 months Class Work Appointment Offer letter at the time of upgrade PGCRB title on successful completion of the upgrade program Up to date and modern curriculum and courseware created by industry experts Multiple learning mechanisms - class-work, projects, case studies, book reviews Experienced faculty Learning Management System .

Admission procedure for PGCRB course of IFBI:
- You can apply online or visit any of the IFBI centres- Appear for Online Admission test - ICET
- Appear for Interview
- Documentation check
- If selected, complete admission formalities

Career Path:
Successful completion of the Postgraduate certificate in Retail banking from the Institute of Finance, Banking and Insurance, which is a NIIT venture with equity participation by ICICI bank would provide an edge to the students to get lucrative employment in the growing banking sector in India as a modern banker.

Course Contents:
- Banking Foundations
- Retail Banking
- Software applications in Retail banking
- Projects and Assignments

For further details and enquiry log on to
http://www.ifbi.com/ (Institute of finance, banking, and insurance)

Post Graduate Diploma in Banking Operations (PGDBO) Course from IFBI – Career in Retail Banking

Introduction to PGDBO:
A career in banking operations has become very attractive with the emergence and reliability of various private sector banks in the Indian market. Therefore, various institutes in India have started offering courses in banking operations. The Postgraduate Diploma in Banking Operations of Institute of Finance, Banking and Operations is in focus as IFBI has entered into a partnership with the HDFC bank.
The postgraduate diploma in banking operations course of IFBI is a 6-month full time programme that seeks to train the students for taking up jobs in the banking industry.
Successful completion of the Postgraduate Diploma in Banking Operations from the Institute of Finance, Banking and Insurance, which is a NIIT venture with equity participation by ICICI bank would provide an edge to the students to get lucrative employment in the growing banking sector in India.

Job Guarantee:
A unique feature of the course is that the Institute promises to give appointment letters of reputed banks like HDFC Bank, ICICI bank or Yes Bank at the time of admission itself. Thus, the screening for the job is done at the time of admission itself.

Name of the Institute conducting PGDBO course:
Institute of Finance, Banking, and Insurance (IFBI), an affiliate of NIIT

Objectives of the course:
1. Banking related knowledge and skills
2. Essential soft-skills required in modern banking industry
3. Essential technology skills required in modern banking industry
4. Ability to work productively in a modern bank from Day One Hour One

Eligibility:
The Eligibility for admission to the PGDBO course of the IFBI, one needs to be at least a graduate with at least 50% marks.

Duration of the Course:
1. The postgraduate diploma in banking operations course of IFBI is a 6-month full time programme that seeks to train the students for taking up jobs in the banking industry.
2. The Postgraduate Diploma in Banking Operations of the Institute of Finance, Banking and Insurance gives equal importance to both theoretical and practical training.
3. The course work is divided between 3 months of classroom training and 3 months of supervised internship at a bank.

Key features of the program
1. Program available in Full Time mode
2. Full Time Mode has 3 months Class Work and 3 month internship
3. Appointment Offer letter at the time of joining
4. Three months supervised internship
5. Up to date and modern curriculum and courseware created by industry experts
6. Multiple learning mechanisms - class-work, projects, case studies, book reviews
7. Experienced faculty
8. Learning Management System

Admission procedure for PGDBO course of IFBI:
- Appear for Online Admission test - ICET
- Appear for Interview
- Documentation check
- If selected, complete admission formalities

Career Path:
Successful completion of the Postgraduate Diploma in Banking Operations from the Institute of Finance, Banking and Insurance, which is a NIIT venture with equity participation by ICICI bank would provide an edge to the students to get lucrative employment in the growing banking sector in India.

Course Contents:
1. Basics of banking
2. Information technology
3. Professional communication
4. Retail banking
5. Soft skills
6. Software applications in banking operations
7. Rural and micro finance
8. Corporate and international banking and
9. Business environment.

For further details and enquiry log on tohttp://www.ifbi.com/ (Institute of finance, banking, and insurance)