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By JFY Content Team


The pace of development for the Indian banking industry has been tremendous over the past decade. As the world reels from the global financial meltdown, India’s banking sector has been one of the very few to actually maintain resilience while continuing to provide growth opportunities, a feat unlikely to be matched by other developed markets around the world. FICCI conducted a survey on the Indian Banking Industry to assess the competitive advantage offered by the banking sector, as well as the policies and structures required to further stimulate the pace of growth.

  • A majority of the respondents, almost 69% of them, felt that the Indian banking Industry was in a very good to excellent shape, with a further 25% feeling it was in good shape and only 6.25% of the respondents feeling that the performance of the industry was just average.
  • This optimism is reflected in the fact that 53.33% of respondents were confident I a growth rate of 15-20% for the banking industry in 2009-10 and a greater than 20% growth rate for 2014-15.
  • Some of the major strengths of the Indian banking industry, which makes it resilient in the current economic climate as highlighted by our survey were the regulatory system (93.75%), economic growth (75%), and relative insulation from the external market (68.75%).

On being asked what is the major strength of the Indian banking industry, which makes it resilient in the current economic climate;

  • 75% respondents feel the regulatory system to be the major strength
  • 75% economic growth
  • 75% relative insulation from external market
  • 25% credit quality
  • 25% technological advancement and
  • 75% our risk assessment systems.

Public Sector Banks, Private Sector Banks as well as Foreign Banks view difficulty in hiring highly qualified youngsters as the major threat to their HR practices ahead of high staff cost overheads, poaching of skilled quality staff and high attrition rates.


Industry Snapshot


Career in Banking Sectors


  • After the economic reforms in 1991 or post LPG era, banking has become one of the most sought after careers in India. Post liberalisation, many private banks came into prominence which further made a wide horizon of employment generation in the banking sector. The banking sector has undergone many changes. As the retail, housing, hospitality and education sectors are experiencing huge growth in the respective fields, the growth of banking sector is seemed to be manifolds.


  • Banking is an exciting career for graduates. Banking professions and banking

career are flourishing in the country in spite of more than 50% population of the country is unbanked.


  • The worth of banking industry in India is about Rs 64 trillion. Still, about 41% of the population has no bank account. It means in the days to come, robust employment opportunities are expected.


  • A career in the banking sector is lucrative both in the public as well as private banks. The sector has been fascinating for the youngsters for a long time.


  • The students from the fields of commerce, economics, and finance can notch fatty packages from top banks. MBA degree along with graduation in finance subject is the added advantage to get a placement at the senior levels in the private sector banks.


  • Growth and promotion are slow in public sector banks but have the security of jobs. However, in private sector banks, there is a healthy growth and promotion. If you are a graduate and MBA from reputed institutions, career growth is quite smooth in the private sector banks.

Jobs in Banking Sectors


Employment opportunities in bank sectors are encouraging. Job opportunities in the banking sector are increasing day by day. Economic reforms of 1991 led to the wide range of job opportunities along with fat pay packages. Job opportunities are available in multiple roles such as:

  • Retail Banking
    • Branch Banking
    • Retail Liabilities
    • Wealth Management
    • Retail Assets
    • Bancassurance – Life/General Insurance sales
    • Marketing
    • Product Management
    • Investments/Liabilities etc
    • Operations
    • Customer Service
    • Call Centres
  • Corporate Banking
    • Relationship Manager
    • Operations
    • Middle Office
    • Credit operations
  • SME, Trade Finance
  • Treasury
  • Operations
  • Credit and Risk
  • Finance and accounts etc

Bank Jobs Salary

  • Pay packages in the banking sector at both public and private depends upon nature of profiles and banks.
  • For clerical jobs, it starts from Rs 20, 000/month.
  • For higher position the career growth path could be something like this:

How can JFY help you get a Bank Job

Working in a bank can be a great job choice. Whether you’re just looking for a temporary job or a long-term career, a bank job can help you advance professionally. There are numerous positions you can apply for as you can see from the list given earlier in this report, opportunities to advance in your career, and employee benefits you can enjoy. With a good resume and the necessary qualifications, you can achieve your goal of landing a bank job.

STEP 1 – Getting Your Qualifications in Order

Check the role you are applying for and the minimum qualification required. Generally, a clerical position requires a 12th pass and all other positions require a graduate/ Post graduate qualification.

STEP 2 – Put your resume together

No matter what position you apply for, you’ll need a solid resume to hand in. There are a few things, however, that you should emphasise on your resume for a bank job

  1. Emphasise your customer service experience if you have had any.
  2. Volunteer work also counts towards customer service experience.
  3. Also, mention any experience you’ve had handling money like a cashier
  4. Remember to make a new resume for every position you apply for. As you increase your chances of getting an interview if you’ve tailored your resume to specific jobs.

How can JFY help

To make a simple, modern CV that captures all the essential information then download the Jobs for Youth App from Google Playstore and register with all the details about your Personal Information, Qualification, Certifications, Achievements and Work Experience. In addition, create your VideoCV to get a better chance of getting your dream job

STEP 3 – Locate the Jobs

  • Dig into your own list of contacts – going by referrals is the best option so see if you have any contacts in the industry. Do you have a family member who works in a bank? Does a former teacher have a second job as a financial analyst? It never hurts to ask these people if they know of any openings or are willing to recommend you for a position. Networking is essential to the job market
  • Make yourself visible on professional social media pages.Websites like LinkedIn allow you to show your qualifications to other professionals in your industry. Jobs are often advertised on LinkedIn, which can tip you off to potential openings. Someone might even contact you first if they like your profile and qualifications. Put together a great profile to improve your visibility on the job market and grow your professional network
  • Visit your college placement office – Jobs often advertise with school career offices because they expect qualified individuals to come from these institutions. Take advantage of this by staying in contact with your career office.
  • Talk to employees at local banks.If you’re trying to get a bank job, a good place to start would be your own bank. When you go in to do your banking, strike up a conversation with tellers and managers. After you get friendly, mention that you’re looking to work in banking. They might know of a job opening, be willing to refer you to someone else with more information, or simply give you career advice on moving forward. These personal relationships will be important as you advance in your career.
  • Look on the internet for job postings.Businesses use websites like Naukri, Shine, Freshersworld etc to advertise positions. Take a look at these sites for bank jobs if you’re searching for a job.
  • Visit banks in your area.Since banks usually hire based on referrals, you should resort to random visits as a last resort. But it isn’t fruitless- you might contact a bank right before they post a job opening, so try this if you haven’t had luck finding a job yet

How can JFY help

Once you have downloaded the APP and registered, then you can search all the Banking jobs by just clicking on “Search by Companies”

STEP 4 – APPLY for the job

  • Investigate the bank you’re applying to.Whenever you apply for a job, you should do some research into the position and the company. Being knowledgeable about the job shows that you’re committed and willing to put work in.
  • Send in your resume and cover letter.Whether you’ve spoken to a bank manager and he’s referring you to the job, or you’re answering an ad from the internet, you’ll need to send in your resume and cover letter for the job.
  • Follow-up after sending in your resume.There is no set rule for how long you should wait before following up. It usually depends on who you sent your resume and cover letter to.
  • Prepare for the interview.If you’re granted an interview, do some preparation. Make sure you’ve investigated the company thoroughly. Dress appropriately.
  • Follow-up after the interview.Mostly you wait to hear back after the interview.

How can JFY help

Once you have searched the companies and you like one or few of the job roles advertised then all you need to do is just click on the APPLY   button. JFY team will get in touch with you to gather the 1st round on information and then if shortlisted will forward the CV to the client. If the client shortlists then the APP will show you the status and you will be informed about the final interview date. Once interview did JFY will follow up with the client to inform you if successful or not. SIMPLE. Let JFY do all the coordination on your behalf at no cost to you.

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What are the career opportunities in Banking Industry