BANKING AND INSURANCE COURSES IN INDIA

Reserve Bank of India An All India Exam is conducted for class I posts; examination consists of General Mental Ability Paper and English Proficiency Paper Eligibility : Age (21-26) & Graduate/Postgraduates/ CA/MBA

Foreign / Private Banks- Officers Either Candidates are taken from parent organization on basis of merit OR Reputed management institutes make the selections (IIMs, Xavier Labour Relations Institute, University of Bombay, University of Delhi) Candidates go through a 3-wk orientation programme before the 6mth-1yr training, they are made Ass. Manager

State Bank and other nationalised banks-Probationer Officer Selection is made by the Central Recruitment Board (SBI), H/2 Shiv Sagar Estate, Dr. Annie Besant Rd., Worli, Mumbai Written test and interview have to be passed Eligibility : Age (18-26) & Degree-holder Clerical Staff Selected through the regional boards & testing criteria is similar to that of PO examination

Nationalised Commercial Banks-Probationary Officers (PO) Advertising is done through the Banking Service Recruitment Boards (BSRB) Eligibility : Age (Max. 28 yrs.) & Graduate Degree holder

The banking career provide good pays and benefits to its employees. Some of the pay scales in public sector banks are shown below (salaries at the private and foreign banks are higher) Basic - 4250-8050 Approx Salary at Entry level inclusive of all allowances is around Rs.7900 Officers are eligible for 'Dearness Allowance', 'City Compensatory Allowance', 'House Rent Allowance'