Government jobs have always been considered to be one of the most stable and secure career options in India. But with the recent pandemic and the resulting economic crisis, many people are reconsidering their options. One option that has seen a lot of interest in recent times is public sector bank jobs. Bank jobs offer stability, security, and good salaries – all things that are very attractive in these uncertain times. If you’re considering a career in public sector banking, this article is for you. We’ll cover everything you need to know about bank jobs in 2021-2022, from eligibility criteria to job descriptions.
What are Public Sector Banks?
Public sector banks are those banks in which the government has a majority stake. In India, there are 21 public sector banks. Some of the most popular ones are State Bank of India (SBI), Punjab National Bank (PNB), and Bank of Baroda (BoB).
Public sector banks play a very important role in the Indian economy. They account for more than 60% of the banking sector assets. They also provide employment to a large number of people.
Public sector banks offer a number of advantages to their customers. They provide a wide range of banking services and products. They also have a large network of branches and ATMs. Public sector banks offer competitive interest rates on deposits and loans.
However, public sector banks also have some disadvantages. They are often slow in adopting new technology. They also have a high level of non-performing assets (NPAs).
Jobs in Public Sector Banks
There are many different types of jobs in public sector banks. Some of the most common positions include tellers, loan officers, and customer service representatives. Tellers handle transactions such as deposits and withdrawals. Loan officers offer loans to customers and help them to fill out the necessary paperwork. Customer service representatives help customers with any questions or problems they have.
Public sector banks also need people to work in back-office positions. These positions include things like accounting, human resources, and IT. Back-office employees make sure that the bank runs smoothly on a day-to-day basis.
Working in a public sector bank can be a very rewarding experience. Employees have the opportunity to help people with their finances and to make a difference in their lives. If you are interested in working in a public sector bank, there are many different types of jobs available.
Eligibility Criteria for Public Sector Bank Jobs
To be eligible for a public sector bank job, you must have a bachelor’s degree from an accredited university. You must also have a minimum of two years of work experience. In addition, you must be a citizen of India and meet the age requirements for the position you are applying for.
How to Apply for Public Sector Bank Jobs
There are a few different ways to apply for public sector bank jobs. The most common way is to submit an online application. This can be done through the website of the specific bank you are interested in.
Another way to apply for public sector bank jobs is to attend a job fair. Many banks will hold job fairs where prospective employees can meet with representatives and learn more about the available positions.
It is also possible to apply for public sector bank jobs through a recruitment agency. Recruitment agencies specialize in helping people find employment, so they may be able to help you find a position that is a good fit for your skills and experience.
Finally, you can also apply for public sector bank jobs by contacting the bank directly and asking about available positions. This is usually best done if you have specific skills or experience that the bank is looking for.
Overall, there are a few different ways to apply for public sector bank jobs. The most common way is to submit an online application, but you can also attend a job fair, contact the bank directly, or go through a recruitment agency.
Exam Pattern for Public Sector Bank Jobs
The exam pattern for public sector bank jobs can vary depending on the position you are applying for. However, there are some common elements that are usually included.
Most exams for public sector bank jobs will include a written test. This test will assess your knowledge of the subject matter and your ability to apply it. You may also be required to take an oral examination.
In addition to the written and oral examinations, you may also be required to take a practical test. This could involve completing a task or solving a problem. The practical test is designed to assess your ability to apply what you have learned in a real-world situation.
The exam pattern for public sector bank jobs can vary depending on the position you are applying for. However, these are some of the most common elements that are usually included.
Syllabus for Public Sector Bank Jobs
Public sector banks in India are those banks where the Government of India holds a majority of the shares. There are 21 public sector banks in India.
The syllabus for public sector bank jobs is not very different from that of other bank jobs. The main subjects that are covered are general awareness, reasoning, quantitative aptitude, and English language. Candidates are also expected to have some knowledge of computers.
The general awareness section tests candidates on their knowledge of current affairs. The reasoning section tests candidates on their ability to solve logical problems. The quantitative aptitude section tests candidates on their mathematical skills. The English language section tests candidates on their reading, writing, and comprehension skills.
Books Recommended for Public Sector Bank Jobs
There are several books that are recommended for public sector bank jobs. The following is a list of some of the most popular books:
The Banker’s Guide to Credit Analysis by William H. Priester and Joseph W. Falcon
The Banking Law Journal by various authors
Commercial Banking: Theory, Practice, and Management by Rosemary Tarullo-Wells
Principles of Banking by Mervyn King
These books will give you a good understanding of the banking industry and the different credit analysis techniques that are used. They will also provide you with a strong foundation on which to build your career in the banking sector.
Preparation Tips for Public Sector Bank Jobs
1. Preparation Tips for Public Sector Bank Jobs
If you are planning to apply for a public sector bank job, there are a few things you can do to prepare.
First, it is important to familiarize yourself with the selection process. Each bank has their own process, but generally speaking, you will need to take a written exam and an interview. The written exam will test your knowledge of banking and finance. It is important to study for this exam and to practice taking sample exams.
The interview is your chance to show the bank why you are the best candidate for the job. Be prepared to discuss your qualifications and experience. Practice answering common interview questions.
It is also important to research the specific bank you are applying to. Learn about their history, their mission, and their values. This will help you understand what they are looking for in a candidate.
By following these tips, you can increase your chances of getting a public sector bank job.
Q. What is a public sector bank?
A public sector bank is a bank that is owned by the government. This means that the government has a stake in the bank and can appoint members to the board of directors. Public sector banks are usually created to promote economic development in a particular region or to provide banking services to a specific group of people.
Q. What are the benefits of working in a public sector bank?
There are many benefits of working in a public sector bank. One benefit is job security. Because the government owns these banks, they are more stable and less likely to lay off employees. Another benefit is good pay and benefits. Public sector banks typically offer their employees competitive salaries and good benefits packages. Finally, working in a public sector bank can be rewarding. These banks often have a social mission, such as promoting economic development or providing banking services to underserved groups. This can give you a sense of satisfaction from knowing that you are helping to improve people’s lives.