Banking Sector of India:

To understand the extent of the banking sector in India, let us look at a few stats:

The Indian banking system consists of 26 public sector banks, 25 private sector banks, 43 foreign banks, 56 regional rural banks, 1,589 urban cooperative banks and 93,550 rural cooperative banks. As of November 11, 2015, 192.1 million accounts had been opened under Pradhan Mantri Jan Dhan Yojna (PMJDY) and 165.1 million RuPay debit cards were issued. These new accounts have mustered deposits worth Rs 26,819 crore (US$ 4 billion).

Jobs at Banks:

With an expected growth rate of 8% and increased stress on inclusive banking, Banking Services are bound to expand at exponential rates. This automatically would lead to higher employment opportunities in the Indian banks. The banks presently are hiring about 20000 people annually. Hence the banking sector is one of the high potential recruiters for the youth of India.

Banking Exams:

Most banks, for fulfilling their recruitment needs, use admission tests. It tests the candidates’ general awareness as well as their aptitude. The banking exams can be broadly classified into 3:

  • Banking exams conducted by Institute of Banking Personnel Selection (IBPS) for the Clerical and Managerial posts for various public sector banks and Regional Rural Banks (RRBs).
  • Recruitment by SBI Group through its exam.
  • Direct Recruitment by Private sector banks.

Banking Exam Syllabus:

Banking exams include quantitative aptitude, logical reasoning, data interpretation, knowledge of financial and banking world and basic computer knowledge in varying proportions. Oztern provides you a broad overview of the syllabus for these exams below:

Topics for Quantitative Aptitude:

  • Roots
  • Ratio and proportion
  • Averages
  • Time and work
  • Mixture and allegation
  • Stocks and shares
  • Percentages
  • Partnership
  • Clocks
  • Volume and surface Area
  • Height and Distances
  • Logarithms
  • Permutation and combinations
  • Simple and compound interest
  • Equations
  • Probability
  • Trigonometry
  • Profit, Loss and Discount
  • Mensuration
  • Elements of Algebra

Topics for Data Interpretation

  • Pie charts
  • Tables
  • Bar & Graphs
  • Line charts

Topics for Logical Reasoning:

  • Analogy
  • Classification
  • Word formation
  • Statement and conclusions
  • Syllogism
  • Statement and assumptions
  • Statement and arguments
  • Coding Decoding
  • Blood Relations
  • Passage and conclusions
  • Alphabet test
  • Series Test
  • Number, Ranking and time sequence
  • Direction sense Test
  • Decision making test
  • Figure series
  • Input/output, Assertion and reasoning
  • Sitting Arrangement

Non-Verbal Reasoning:
• Series test
• Odd figure Out
• Analogy
• Miscellaneous Test etc.

Topics for English Language:

Vocabulary:
• Homonyms
• Antonyms
• Synonyms
• Word Formation
• Spelling

Grammar:
• Spotting Errors
• Phrases and idioms
• Direct and Indirect speech
• Active/ Passive voice

Reading Comprehension:
• Theme Detection
• Passage completion
• Topic rearrangement of passage
• Deriving Conclusion and Drawing Inferences

Topics for General Awareness:

  • Current affairs related to national and international issues of last 6 months.
  • Overview of Indian Financial System
  • History of Indian banking system.
  • Recent credit and monetary policies
  • Familiarity of work and responsibilities of National financial institutions like RBI, SEBI, IRDA, FSDC etc and of International organizations like IMF, World Bank, ADB, UN etc.
  • Abbreviations and Economic terminologies
  • Banking Terms
  • Government Schemes on capital & money market

Topics for Computer Knowledge:

  • Hardware and software
  • Windows operating system
  • Internet terms and services
  • Basic Functionalities of MS-Office (MS-word, MS-Excel, MS-PowerPoint)
  • Logic gates
  • History of computers
  • Networking and communication
  • Databases
  • Hacking, Security Tools and Viruses

Tips for Banking Exam Aspirants:

  • Plan:

Well all of you preparing for the exam already know that the bank exams are highly competitive. The exams are usually divided into the various parts. What is important to note is that you need to clear the minimum cutoff for each section separately along with clearing the overall cutoff. This makes it impossible for you to ignore ant section. Hence you need to attempts some questions from all the sections. Pre- decide this number. For example, you are weak at English but you need to clear the cutoff for English or else you do not qualify. So say you can plan to attempt around 15 easy questions in 25 minutes. Hence plan beforehand the sequence in which you would pick up the various sections and decide the time duration for each section.  Check out last years’ sectional cutoff and pre-decide the minimum number of questions you need to attempt.

  • Accuracy:

Precision is of great importance as all these competitive exams have negative marking i.e. you loose marks from your total score for each wrong answer you mark. So make sure there are no wild guesses.

  • Speed:

These exams expect you to be quick. So you need to know you weaknesses and strengths. Focus on solving as many questions from your strong areas as fast as possible. This would help you clear the overall cut-offs. Then for your weak areas practice extensively beforehand.

  • Computer Based Mock Tests:

Give as many Mock tests as possible. Practice on a computer based model so you are already accustomed to the system. Do note that for the exam you are not to use the keypad. For the exam you are to use only the mouse to choose your answers. So practice with computer based tests is important.

Happy Preparation!!