Banking provides well-paid, secure and satisfying career prospects. Openings are available in these banking at various levels, from Bank Clerical to Probationary Officers (PO). Often it is perceived as a career option for commerce and economics students. However, there has been a change in perspective and today a majority of bank officers are from different streams of education. Efficient graduates from any subject can get entry in the Public Sector Banks through an All India Examination conducted across the nation. The exam is a stepping-stone for a career in the Banking Industry.
Banking today is considered as the most challenging sectors in the country. The Indian banking has been categorized by the Reserve Bank of India as; government owned or nationalized, private banks and specialized banking institutions. The Reserve Bank of India acts a centralized monitoring body in the Indian financial sector. The different types of banks in India are: State Bank of India and Associates Nationalized Banks, Domestic Private Sector Banks, New Domestic Private Sector Banks, Foreign Banks. Bank Probationary Officer (PO) is an entry-level profile post in any bank. Candidates can be recruited as probationary officers after successfully completing the Bank Recruitment Exam conducted by all reputed banks. So, recruitment is fair and depends on the an individual's performance in the exam. If you perform better, there is a possibility of higher probability to cut through the competition.