Demand set to rise in the next five years

Syed Amir Ali Hashmi interviews Kamal Bhushan, former director, Oriental Bank of Commerce.

How important are RMs to banks?

The demand for RMs will increase in the next five years. Banking will expand because the focus will be on finances, and with this the role of RMs will also expand. RMs are important for banks because they are the people who bring business to the bank. They also coordinate between the bank and its customers.

What advice would you give to someone interested in working as RM?

This is a very specialised job that requires specific skills. Also keep in mind that in the coming years as the demand for RMs increases, competition for this position will become tougher as employers will prefer candidates with  specialised skills. You have to keep adding to your skills to stay ahead of the competition.

What kind of growth opportunities does an entry-level candidate get?

As an RM is the focal point who deals directly with customers  and then coordinates with seniors, s/he develops good contacts/network. This helps him/her in life.

What are the changes that are likely to affect the industry/profession in the next few years?

In the coming years the importance of RMs will increase because banking is becoming more and more competitive. Specialisation will be required as a lot of technical changes are also taking place in the banking business. Another change is that the finance sector is becoming the focus and India has more scope as everyone is looking to us for all the financial solutions.


Author: HT Horizons

Date: 7th April, 2010

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