Banking, Financial Services and Insurance (BFSI) industry is one of the leading employers of fresh graduate talent in India. There are over 4.5 million professionals working in the industry currently and the number is expected to double by 2020 as per the NSDC report on BFSI industry.
Just like the Public Sector Banks (PSBs), the Private as well as International Banks in India are also dedicated to serving the financial market of the country. They offer the entire spectrum of financial services to customer segments covering large and mid-corporates, MSME, agriculture and retail businesses. In fact, the Private, as well as the International Banks, are growing at a faster rate in India than PSBs and so are the employment opportunities with them.
Overview on Private and International Banks in India
The Private and International Banks though were very few, a decade ago, are now flourishing in the country. They have made their presence felt in the overall financial market of the country, due to their better customer service and specific schemes for individual customers. What’s more? The luring offers and dedicated services to the customers have turned many into using Private or International Banks, as their preferred banks. Also, the increasing number of branches and ATMs across the country has helped in increasing the number of such private and international banks penetrating the Indian financial market.
In the present times, private banks like Axis, ICICI, HDFC, Kotak Mahindra, Yes Bank etc., are dominating the Indian banking scenario. In fact, ICICI Bank is India’s largest private sector bank and second largest commercial bank after SBI. International banks like Citibank, Standard Chartered, Royal Bank of Scotland (RBS) and others are also not behind and have been successful in tapping the potential of Indian customers and have established new branches all over the country.
Thus, the private, as well as International banking sector, has a huge potential to offer good career opportunities to the banking job aspirants. In fact, today, many aspiring candidates dream of joining the private banks due to their high pay structure and ease in competition, than in the PSBs. The private and international banks offer jobs for various posts. Candidates can apply for the various posts available with the banks if they possess the required qualification and experience.
IBF’s Courses to equip you well for jobs in Private and International Banks
Candidates can undergo various courses available for banking studies from different institutes of repute in India before applying for the private as well as International bank jobs. One such institute is the Institute of Banking & Finance (IBF). It offers two courses for a banking career. The 1st course is a one-year course for graduates and working professionals. This makes it world’s only PG Diploma course in Banking & Finance that prepares the candidates simultaneously for public sector & private sector banks. With Certificate in International Trade and Finance (CITF), a student can easily seek jobs in trade department of a bank. The exam for this Certification is conducted by International Chamber of Commerce (ICC).
The 2nd course is a three-year program for 12th class passouts. Here the student studies one of the best-known Syllabuses in the country. With visiting faculty from regular Delhi University Colleges, it is same as pursuing a regular B.Com Degree from Delhi University along with Advanced Diploma in Banking & Finance.
So, for all those planning to start their career in the banking field especially with the private as well as International banks, these two courses offer tremendous value in your career planning. For more information you can visit www.instituteofbanking.org