What is Banking

Banking courses give a prologue to the various banking administrations, services and monetary organizations. A banking course student looks at the standards of banking exchanges and the different services that are provided by a bank. Topics included in a banking course are the history of banking, asset handling, methods, accounting, advances or loans, investments and trust activities. In a banking course, a student additionally understands the functions of the Federal Reserve. 


The industry of banking and finances is one of the most significant parts of the Indian economy. With the quick development and advancement of the products as well as various services offered by banks and an expanding necessity for monetary incorporation in our nation, there is a colossal interest for experts with particular information and aptitudes, therefore, students are getting into banking courses with increasing numbers every year.


These incorporate regions like commercial banking, credit management, trade finance, and Investment banking. Indeed, even Insurance as an industry which is picking up significance in India. Over the past 10 financial years, life insurance coverage premiums extended at a CAGR of 7.5 %, which implies this segment is ready for additional development and there are going to include more occupations in future.


Banking Course Highlights

Course level

Both graduation and post-graduation (diploma and certificate banking courses are also available)

Duration

For Graduation: 3years

For Post Graduation: 2 years


Eligibility

For Graduation: 10+2

For Post Graduation: Graduation degree from any discipline 

Admission process

Varies from college to college (Some take entrance exam whereas some take interviews)

Eligibility Criteria (UG & PG) of Banking

If an individual is looking for a banking course at the undergraduate level then he or she must meet the following eligibility criteria:

  1. Students must have completed their 10+2 from a recognised board or equivalent in order to enrol in a banking course.

  2. Students must have scored a minimum of 50 per cent marks during their secondary education to be eligible for a banking course.

  3. It is not compulsory to belong to a certain stream in 10+2 for being a part of a banking course. A student from any stream can enrol himself or herself in a banking course. (But, if a student wishes to enrol in a Bachelor of Commerce programme in banking then they must have commerce stream in their 10+2. Not only that but if a student has studied the subject economics in their higher secondary education then it will help them in pursuing a banking course.)


Some of the popular banking courses at the graduate level are:

  • BA (Banking)

  • BBA in Banking

  • BBA in Banking & Finance

  • BCom  in Banking & Finance

  • BCom  in Banking Management

  • BCom  in Banking & Insurance

  • BCom  (Hons.) in Banking and Insurance

  • BSc in Banking and Finance

 

Students who wish to make a career in the banking sector can go for any of these banking courses. Different Colleges have different procedures to enrol the aspiring candidates. Some give direct admissions whereas others have a merit-based admission system designed for admission in banking courses.


If an individual is looking for a banking course at the postgraduate level  then he or she must meet the following eligibility criteria:

  • For post-graduation in a banking course an individual first needs to complete his or her graduation degree. 

  • It adds more value if the graduation is done in a banking course or an economics course for that matter, but if not it could be in any discipline. It does not matter if it is in a science, commerce or arts background. 

  • If an individual is aspiring to complete his or her post-graduation in an M.com course in the field of banking then they must have graduated in a B.com course as well as have a commerce background in their 10+2.


There are a lot of courses available in order to pursue masters in the field of banking.

Some of the most popular postgraduate courses in the field of banking are:

  • M.Com. (Banking and Finance)

  • M.Com. (Banking)

  • M.Com. (Banking and Insurance)

  • M.Com. (Banking and Taxation)

  • MBA in Banking and Finance

  • MBA in Banking and Insurance

  • M.Sc. in Banking and Finance

  • MA (Banking)


Banking courses are available as diploma and certificate courses as well. Some of the diploma and certificate banking courses available in India are:

  • Postgraduate Diploma in Banking Operations

  • Postgraduate Diploma in Banking

  • Postgraduate Diploma in Retail Banking

  • Postgraduate Diploma in Branch Banking

  • Postgraduate Diploma in Banking and Insurance

  • Postgraduate Diploma in Investment Banking

  • Advanced Diploma in Banking and Finance

  • PG Certificate in Banking

  • PG Certificate in Banking and Insurance

Scope of Banking in India and Abroad

India is a country which is developing and has a gigantic populace. To take into account the rising budgetary exchange of the immense population, the government alongside RBI is taking different steps to arrive at the masses. This is helping in employment generation in the banking field. The various reforms brought in would increase the number of banks operating in the country which will, in turn, increase the job opportunities for a banking course student.


The introduction of technology in the banking sector has brought about a tremendous amount of change. It is good news for students who want to pursue banking courses. The pattern of using plastic money, that is Visa or Mastercard, has fundamentally expanded among the Indian residents, regardless of the geographical location they live in. Government has put forth satisfactory attempts to advance e-banking and ATM's in many rural areas of India, along these lines widening the entrance through technological interventions. The top-level security and protection given by the banks have upheld trust among individuals, who currently think that it's a lot more secure to keep their monetary assets in the banks. This prompts more investment funds, more financial balances and an expanding number of workers who are sent to deal with these records.

Course Fees Banking

Minimum Fees Maximum Fees
Private Government Private Government
UG
6.06 K
B.Com in Banking at St Thomas College, Thrissur
2.85 K
B.Com in Banking at Government Girls College, Ajmer
7.44 Lakhs
B.B.A in Banking at Amity University, Gurugram
83.22 K
B.Voc. in Banking at Ramanujan College, New Delhi
PG
9.30 K
B.Com in Banking at Christ College, Irinjalakuda
4.27 K
M.Com in Banking at Shivaji University, Kolhapur
18.85 Lakhs
P.G.D.M in Banking at Institute of Management Technology, Ghaziabad
1.49 Lakhs
M.Sc. in Banking at Jamia Millia Islamia, New Delhi
DOCTORAL
1.91 Lakhs
Ph.D in Banking at Usha Martin University, Ranchi
---
Data not available
1.91 Lakhs
Ph.D in Banking at Usha Martin University, Ranchi
---
Data not available
DIPLOMA
15.00 K
Diploma in Banking at Indian School of Business Management and Administration, Chennai
---
Data not available
40.00 K
Diploma in Banking at Swami Vivekanand University, Sagar
---
Data not available

Certifications for Banking

Association of Certified Anti-Money Laundering Specialists
CAIIB
Certified Regulatory Compliance Manager
JAIIB

Questions related to Banking

Showing 238 out of 238 Questions
3 Views

I want to do banking then which course is best for it bcom or bba?

Shivang Dubey 31st May, 2020

Hey Apurva

For banking it is not necessary to be a Bachelors of Commerce (BCom) or Bachelors of Business Administration(BBA) graduate, as after graduation the entrance exams would decide your selection much more. But to be precise to have a good background in Finance and Banking related field you may pursue Bachelors of Commerce BCom, this will give a better knowledge of Finance and Commerce industry which is more close to Banking sector. For further doubts, feel free to ask.

All the best

8 Views

how to read newspaper for banking and what to read

Sourandhi saha Student Expert 31st May, 2020
Just going through a newspaper won't help you a lot. First take a newspaper for bank exams like The Hindu, Indian Express, Economics times etc. Read thoroughly all the sections of National and International News, Sports news, Political Views everything and highlight the place if you find anything important there. Analyse that. If possible try to gather in-depth knowledge of that through internet.
While reading any newspaper, do make sure you read all these articles- Banking Regulation Charges, Budget News, Awards and Honours Received by individuals for contribution to the nation, Any topic related to growth or declination of national economy, any news related to International Economy and sports etc.
5 Views

sir, I am a college student studying in B.sc 4semster,I want to do banking but I dont know how to do

Apoorva Lohumi 30th May, 2020

Hey aspirant

You can apply for banking jobs in the last semester of your graduation or after completing it. Several banking exams are listed below-

  • SBI Probationary Officer (PO) , Junior Associate (Clerk), Specialist Officer (SO) , etc.
  • Institute of Banking Personnel Selection (IBPS) Clerk, Probationary Officer, Assistant, etc.

The notifications of the above exams are released separately. So you need to check the official sites.

Next comes the preparation part. If you start now, you can prepare well for every banking examination.

Quantitative Aptitude, Reasoning Ability, English Language, Computer Knowledge and General Awareness are the general sections of these exams. So if you put your earnest efforts in these sections and groom your verbal and professional skills well enough for cracking the interview, then you can get success in getting into banking sector.

9 Views

which course is best for the banking, bcom or bba?

Smeet Almeida 28th May, 2020

Greetings, aspirant!

Both of these degrees are undergraduate degrees and depending on the specialization you choose, have different effect on your CV when applying for a job in the banking sector.

For example, a candidate with a degree in B.Com (banking and insurance) will have an edge over a candidate that has a general B.Com or BBA degree as their course prepares them with a skillset made for the particular job sector.

However, a candidates performance in the interview rounds as well as their knowledge and understanding of banking might tip the scales in their favour as well.

Hope this information helps.

Best of luck!!

6 Views

I started banking preparation at age 19 went to Indore for that but was not confident and due to having 3 months coaching only i felt all is going fast and felt low and came back to hometown now at age 20 should i try again from scratch after failing to be consistent last year ? Is age 20 is ideal?

Manisha 27th May, 2020

Hello Ayush

20 years is not so big age. You should definitely restart. We always learn from our failures.  somteimes when we can't see the right path we should take a pause which gives strength and energy to proceed further. So you just had that pause. Be confident and start again. All the best

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