Banking
Degrees offered: B.B.A, B.Com, B.Com(Hons), B.Sc.(Hons), B.Voc., BS, Diploma
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.
Also Read: Online Banking And Finance Courses
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 per cent, 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: Three years For Post Graduation: Two 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:
Students must have completed their 10+2 from a recognised board or equivalent in order to enrol in a banking course.
Students must have scored a minimum of 50 per cent marks during their secondary education to be eligible for a banking course.
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 B.Com 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.)
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Some of the popular banking courses at the graduate level are:
| BA (Banking) | BCom in Banking Management |
| BBA in Banking | BCom in Banking & Insurance |
| BBA in Banking & Finance | BCom (Hons.) in Banking and Insurance |
| BCom in Banking & Finance | 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) | MBA in Banking and Insurance |
| M.Com. (Banking and Insurance) | M.Sc. in Banking and Finance |
| M.Com. (Banking and Taxation) | 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 and Insurance |
| Postgraduate Diploma in Banking | Postgraduate Diploma in Investment Banking |
| Postgraduate Diploma in Retail Banking | Advanced Diploma in Banking and Finance |
| Postgraduate Diploma in Branch Banking | PG Certificate in Banking and Insurance |
Popular Online Finance Courses and Certifications
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.
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Course Fees Banking
| Minimum Fees | Maximum Fees | |||
|---|---|---|---|---|
| Private | Government | Private | Government | |
| UG |
13.87 K
B.Com in Banking at Sir KP College of Commerce, Surat
|
19.55 K
B.Com in Banking at Institute of Distance Education, University of Madras, Chennai
|
3.91 Lakhs
B.Com(Hons) in Banking at Royal Global University, Guwahati
|
82.50 K
B.Voc. in Banking at Ramanujan College, New Delhi
|
| PG |
3.35 K
P.G.D in Banking at Gramonnati Mandal's Arts Commerce and Science College, Pune
|
4.27 K
M.Com in Banking at Shivaji University, Kolhapur
|
8.90 Lakhs
P.G.D.M in Banking at Asia-Pacific Institute of Management, New Delhi
|
1.43 Lakhs
MBA in Banking at Pondicherry University, Puducherry
|
| DOCTORAL |
1.91 Lakhs
Ph.D in Banking at Usha Martin University, Ranchi
|
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Data not available
|
1.91 Lakhs
Ph.D in Banking at Usha Martin University, Ranchi
|
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Data not available
|
| DIPLOMA |
3.00 K
Diploma in Banking at Smt MM Shah Mahila Arts College, Kadi
|
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Data not available
|
40.00 K
Diploma in Banking at Swami Vivekanand University, Sagar
|
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Data not available
|
Course Subjects
There are multiple banking courses available in India. They are available at the graduate level, postgraduate level, as a diploma and as a certificate course. Some of the banking course’s popular subjects include:
| Banking Laws | Foreign Exchange |
| Financial Markets in India | Principles of Finance |
| Marketing of Financial Services | Direct & Indirect Taxes |
| Business Policy & Strategic Management | International Banking & Finance |
| Commercial Bank Management | Modern Banking Theory |
Careers in Banking
Various factors like digitisation of currency, government reforms, more and more opening of banks and its branches have made the banking career desirable for a lot of individuals. Banking as a career gives chances to aspiring students from all subjects. For example, in the event that if one is pursuing a banking course like BA in banking then they can get put with a bank as procedure executive. Organizations, for example, GE Money, Max New York and driving banks, for example, ICICI, HSBC, HDFC, Standard Chartered, American Express are some examples of organisations where students can work.
In this way, picking banking as a profession is a balanced choice in today’s market for those keen on developing quickly in their careers. Going for a banking course is a wise choice for individuals who wish to get an introduction to world markets at the beginning of their profession itself. If an individual wants to work abroad then the banking sector gives many opportunities to do so.
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Browse banking certification courses
| Certificate Course in Banking | Digital Banking Business Model |
| Management of Commercial Banking | Post Graduate Certificate in Retail Banking |
View list of top banking certification courses
Certifications for Banking
Association of Certified Anti-Money Laundering Specialists CAIIB Certified Regulatory Compliance Manager JAIIBJob Profiles and Top Recruiters
A student who has completed a banking course has a variety of options when it comes to job profiles. Some of them are as follows:
PO (Probationary Officer)- The Probationary Officer of a bank will look after public relations, monitor and regulate branch activities and tasks, address customer related issues and grievances, approve and monitor daily branch and customer transactions and handle loans.
Bank Clerk- Is an employee of a bank who deals with customers, receives and pays out money and many other days to day tasks. A bank clerk serves as the primary point of contact for most bank customers, administering most basic banking transactions and answering questions.
Bank Manager- Bank Managers are responsible for coordinating and directing the operational functions of the bank. They oversee front-office operations, provide high levels of customer service and direct regular team meetings and training sessions. They are the in-charge of the local branch of the bank.
Assistant Manager- An assistant bank manager helps the manager in making sure that the daily work to be done not only finishes on time but runs smoothly. He is also responsible for the cleanliness of the bank as well as its presentation. The assistant watches over the team under the bank manager's supervision.
Insurance Officer- They under the direct supervision of a higher-level officer perform clerical duties pertaining to the various Group Health Insurance functions. Supervision received takes the form of meetings, memos and review of completed work.
Loan Officer- They are people who work for banks and other financial institutions with the main objective to recommend individual and business loan applications for approval and participate in the front end of the mortgage origination process.
Marketing Analyst- Marketing analysts are responsible for studying market conditions to assess the potential sales of products and services. Their duties include forecasting and monitoring sales trends, gathering consumer and competitor data, preparing reports for management and utilizing statistical software for data analysis.
Check Popular Bank Exams in India to Get Jobs in Banking Sector
| SBI PO | IBPS PO | IBPS RRB |
| SBI Clerk | IBPS Clerk | IBPS SO |
| RBI Grade B | RBI Assistant | Bank Exams |
Some of the top and most desirable recruiting companies for a banking course student in India are as follows:
| SBI | Indian Bank |
| Bank of Baroda | Finance Firms |
| Canara Bank | Investment Banking firms |
| Dena Bank | RBI |
| ICICI Bank | Central Bank of India |
| HDFC Bank | Bank of India |
Also Read: Online Banking Courses & Certifications
Average Salary
There is a wide variety of job opportunities in the banking sector. But when it comes to the salary of an individual after a banking course then it is a much brighter opportunity for the ones who have done a post graduation in a banking course.
The pay package for freshers in the banking sector is comparatively very low. But, the job growth in the banking sector is quite positive. By putting a significant amount of hard work and gaining experience the job opportunities of higher level keep opening up.
Banking is considered as one of the fastest growing sectors in India. Therefore, as a result of this growth job opportunities keep opening in the banking sector. There are as many as 18 public sector banks, 22 private sector banks, 46 foreign banks, 53 regional rural banks, 1,542 urban cooperative banks and 94,384 rural cooperative banks as of September 2019 according to a market research report. The number keeps on increasing, creating job opportunities for aspirants and job growth opportunities for the people already working in the banking sector.
Some of the career opportunities are mentioned below:
Job Title | Average Annual Salary |
Bank Clerk | Rs. 2,00,000 per annum |
Loan Manager | Rs. 3,21,000 per annum |
Account Manager | Rs. 6,00,000 per annum |
Bank PO | Rs.7,50,000 per annum |
Branch Manager | Rs. 10,50,000 per annum |
Senior Bank Manager | Rs. 10,48,000 per annum |
Popular Banking Entrance Exams in India
Popular Banking Colleges in India VIEW ALL
Guru Nanak College, Chennai
- Fees: ₹ 138,225
Manipal Academy of Higher Education (MAHE)
- Fees: ₹ 165,000
Questions related to Banking
Showing 517 out of 517 Questions
2 Views
all about Investment banking course after 12th
18th Sep, 2023
Hello aspirsant,
A widely prominent area of study in the realm of finance is investment banking. Many recent graduates and seasoned experts want to work in investment banking. Although there is no specialized course for investment banking, the most popular route to a career in the industry is an MBA in finance. Candidates may choose to further their study by pursuing an MBA in Investment Banking.
A particularly specific phrase in the field of finance is "investment banking course," which deals with topics like banking, debiting, crediting, loans, capital markets, and several other topics. Because there are so few open positions in the investment banking field, it is crucial for candidates to give it their all when taking the course.
For more information please visit the following link:
https://www.careers360.com/courses/investment-banking-course
Thank you
Hope it helps you
Answer later 5 Views
banking professional course better to get a private job as a fresher candidate
11th Sep, 2023
Hello aspirant,
There are no exclusive or tailored courses for jobs in the private sector. Qualifications depend on the position's level and the job's nature. Basic qualifications will be important at lower levels, whilst experience will be important at higher levels. If you're seeking for standard branch banking, a business degree or a CA may be helpful.
Thank you
Hope this information helps you.
4 Views
which is better carrer option between MBA and Banking
10th Sep, 2023
Hii There,
The decision between opting for an MBA (Master of Business Administration) and embarking on a banking career hinges on your individual interests, abilities, and professional aspirations. Each path has its unique benefits and prospects. Pursuing an MBA frequently results in enhanced career progression opportunities and increased income potential, especially in corporate management and leadership roles. On the other hand, careers in banking often provide stability in employment and attractive compensation packages, which encompass bonuses and perks.
I hope this answers your question.
Thanks
109 Views
Sbi Net Banking Customer/Care Number O6000-188-904 Toll Free No 24×7
5th Sep, 2022
Watne mar ho bhele Bihan Phone Yate Chinta ne kariiiiiiiiiiii
23 Views
after blood banking technology which pg courses available??
7th Jul, 2022
With an MSc in blood bank technology, students can pursue a paramedical degree that teaches them how to use lab instruments to perform diagnostic tests and direct patients toward the most effective course of therapy. In this two-year postgraduate study, fascinating subjects like * molecular biology, * human anatomy and physiology, * biochemistry, * haematology, etc. are just a few of the ones covered.
Throughout the course, haematology students learn about a range of disorders, their symptoms, diagnoses, and treatments. The significance of presenting clinical testing results in a way that can help doctors decide on the best course of action is stressed to students.
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