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
75.00 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
17.35 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
3.50 Lakhs
Diploma in Banking at TKWs Institute of Banking and Finance, New Delhi
---
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

  • Financial Markets in India

  • Marketing of Financial Services

  • Business Policy & Strategic Management

  • Commercial Bank Management

  • Foreign Exchange

  • Principles of Finance

  • Direct & Indirect Taxes

  • International Banking & Finance

  • Economics of Global Trade & Finance

  • 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.

Certifications for Banking

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

Job 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.

  • Market 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.

Some of the top and most desirable recruiting companies for a banking course  student in India are as follows:

  • SBI

  • Bank of Baroda

  • Canara Bank

  • Dena Bank

  • ICICI Bank

  • HDFC Bank

  • RBI

  • Kotak Mahindra Bank

  • Central Bank of India

  • Bank of India

  • Indian Bank

  • Finance Firms

  • Investment Banking firms

Questions related to Banking

Showing 351 out of 351 Questions
8 Views

Im have to the exam Im a 12 vocational banking student

Subhrajit Mukherjee 20th Jan, 2021

I don't understand what you want to say. So I would like to recommend you to get back to career360.com (//career360.com) with proper question specifics so that we can avail you all the info you really want.

Sorry for your inconvenience.

Good eve!

7 Views

Im lalitha, Im a vocational banking system student my classes is 12th my Aim is bank manager .. Im what a do it please help me....

U. Janani 20th Jan, 2021

Hi Lalitha!

Below are the Eligibility Criteria for becoming a Bank Manager:

  • Completed Bachelor's Degree in Business Administration or any relevant field.
  • Mostly, Companies prefer Candidates to have completed UG in Accounting, Finance or Maths.

You must have a minimum 3 years of Work Experience or Training from the relevant field. You can write the Bank Exams IBPS, RRB Banks, etc,. if you want government jobs or try with private banks! Some of the top recruiting companies for Bank Manager are State Bank of India, ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, Bank of Baroda, etc,.

Hope this is helpful!

All the best!

14 Views

hi Im lalitha i want to the banking exam... Im what to do

Ronak Gala Student Expert 20th Jan, 2021

Hello,

Here are many banking exam available and I will provide you list of few exam so that you can choose and start preparing for one

• SBI PO

• SBI Clerk

• IBPS PO

• IBPS clerk

• IBPS RRB office assistant

• RBI assitant

Check out the below link to know more about exams.

https://competition.careers360.com/exams/sbi-po

https://competition.careers360.com/articles/sbi-clerk/amp

https://competition.careers360.com/articles/ibps-clerk/amp

https://competition.careers360.com/articles/ibps-po

https://competition.careers360.com/exams/rbi-assistant

Thanks

16 Views

In banking course how we will known that which course is best for banking.

Ambika Ashok 11th Jan, 2021

Hello Aspirant,

I assume you are asking for courses after 12th. If you are a commerce student below are some top options :

B.Com- there are various specializations such as accounting and finance, computer application,marketing ,banking etc
Bachelor of Economics
Bachelor of Finance and Accounting
Chartered Accountancy-CA

CMA -stands for Certified Management Accountant.
B.Sc Acturial Science
Diploma in Banking and Finance
These courses will make you an ideal candidate but commerce courses are not compulsory for banking jobs. You can complete your graduation in any discipline you want . After graduation ,you should clear top banking exams to join entry level posts through which you can climb up to top positions.

Top banking exams:
IBPS( Indian Banking Personnel Selection)
IBPS Clerk
IBPS PO
IBPS RRB CWE
IBPS CWE
IBPS Specialist Officers(SO)

RBI(Reserve Bank of India)
RBI Assistant
RBI Grade B

SBI(State Bank of India)
SBI Clerk
SBI PO
SBI SO
And many others.

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.careers360.com/courses/banking-course&ved=2ahUKEwjMhcHKp5TuAhUUwzgGHa0bDSEQFjAAegQIARAB&usg=AOvVaw3Is9brEQoD5dd0ua9G1bJ3

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.careers360.com/articles/Finance-Accounts/Make-a-career-in-Banking/amp&ved=2ahUKEwjMhcHKp5TuAhUUwzgGHa0bDSEQFjALegQIIRAB&usg=AOvVaw266NCgA5ai43gnssTbGXET&ampcf=1

All the best

43 Views

I have done my graduation B.COM COMPUTERS with 49% and have a job experience in marketing 2 years and 6 years experience in retail brach banking, I want to know if I can go for MBA From IGNOU?? Am I eligible?? I belong to obc category (BCA )

Papeya Dubey Student Expert 10th Jan, 2021

Hello,

Eligibility criteria to pursue MBA in IGNOU is passed graduation in any discipline from a recognized university with 50% aggregate, in case of reserved categories there is relaxation of 5%, they need merely 45% aggregate, as you category come under reservation, hence you can apply for the same, the entrance test is conducted for a duration of three hours with sections like English, Reasoning, Quantitative Aptitude, General Awareness, there are a total of 200 questions, there is  no negative marking scheme, NTA is the competent authority regarding OPENMAT exam and till now it hasn't made any official announcement pertaining to the exam schedule, you can stay updated at the official website at ignouexams.nta.nic.in , also to know more details regarding OPENMAT, visit our page at https://bschool.careers360.com/articles/ignou-mba-admissions

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