Private Sector Bank Recruitment in India: Selection Process, Eligibility & Exams

Private Sector Bank Recruitment in India

Private Sector Bank Recruitment in India: Private sector banks in India like public sector banks are dedicated to serving the financial market of the country as well as playing a vital role in economic development. Private sector banks in India offer a large number of financial services to their customers that cover MSME, Agriculture and Retail Businesses, Large and Mid-Corporates, etc. Private banks are growing at a faster rate creating job avenues for young talents. Like public sector banks in India, private sector banks also offer employment opportunities to graduates who are looking forward to making their career in the banking sector.

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The private sector banks in India offer jobs for various posts. The job profiles available in the private banks include Relationship Manager, Assistant Manager, Information Technology (IT) Officer, Security Manager, Law Executive, Branch Manager Business Development Manager, etc. Private sector bank recruitment in India is done through written exams and personal interviews. A few private sector banks in India like Axis Bank, Yes Bank, ICICI bank select eligible candidates for the post various posts after completing Post Graduate Diploma in Banking Services offered by Manipal School of Banking and NIIT School of Banking. In this article, we have discussed about private sector bank recruitment in India. Scroll down to read more regarding the recruitment process of private sector banks in India.

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Private Sector Bank Recruitment Process in India

A decade ago, private sector banks in India were limited. However, in recent time private banks have flourished immensely. Even various foreign private banks such as Citi Bank, Standard Chartered, Royal Bank of Scotland (RBS), HSBC, etc. have made their presence felt in the financial market. Domestic private banks such as Axis, ICICI, HDFC, Kotak Mahindra, Yes Bank, ING Vysya, etc. are the major players. ICICI Bank is the largest private sector bank in India and the second largest commercial bank after SBI. Private banks in India offers various job profiles. Candidates can apply for the various posts if they have the required qualification and experience. The private bank recruitment process comprises the following two stages:

• Written exam
• Interview

The written exam is conducted online and comprises questions from Reasoning, Quantitative Aptitude, English, General Awareness, Computer Aptitude. Candidates qualifying the written exam are called for Interview. In Interview, candidates are judged on the basis of their intelligence and personality.

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Job Profiles in Private Sector Banks

Private banks in India offer the following job profiles:

• Relationship Manager
• Assistant Manager
• Information Technology (IT) Officer
• Security Manager
• Law Executive
• HR Manager
• Branch Manager Business Development Manager
• Teller

Private Bank Jobs in India Eligibility

To apply for private bank jobs in India, candidates need to be a graduate. The eligibility criteria for private bank jobs is given below:

• Candidates for various posts need to attain various educational degrees such as MBA, CA, Graduation, Postgraduation, ICWA, etc.
• Private banks also engage fresher for their various job profiles. Private banks invite applicants to apply for individual posts which lay vacant in their branches. The notification is released on the official websites of the individual banks. Candidates must read the notification to get a clear idea about the exam pattern, syllabus, eligibility, and job profile related to the post
• Candidates having commerce, finance, or economics background in their higher secondary or Graduation are preferred
• Computers skills are required to apply for private bank jobs

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Various Courses in Banking

Candidates can undergo various courses available for banking students from different institutes before applying for private sector banks. These courses develop knowledge and information about the banking sector and its working methodology. We have discussed below the list of banking programs undertaken by the various private sector banks in India:

Arise Programme by Axis Bank

The Arise program aims to hire talent for key roles within the bank. The programme aims to provide opportunities to candidates who have completed their graduation/postgraduation from any recognized college. Candidates are offered INR 9.8 LPA (including Fixed, Variable and Loan benefits) and are recruited to the post of Deputy Manager. Candidates are recruited in departments such as Information Technology, Business Intelligence Unit, Digital Banking and Transformation, Risk, Audit, Compliance, Finance & Accounts, Marketing. They can be posted anywhere in India. Candidates should be over 18 years old. The selection process includes Cognitive Assessment, Functional Assessment and Elevator Pitch.

Axis Bank Young Bankers Program

Manipal Global Education, Bangalore

Axis Bank Young Bankers program provides young graduates to make their career in banking. The program identifies young bankers and equips them with necessary banking knowledge and skills through Learn-Earn-Grow model. On successful completion of the program, students are awarded a Post Graduate Diploma in Banking Services along with an opportunity to join Axis Bank.

NIIT University, Neerana

Axis Bank has partnered with NIIT for Young Bankers Program. The selection process and program structure are created with Axis Bank to provide Knowledge, Skills and Earning opportunities within the program. It is a full-time residential programme.

Also Read: NIIT Post Graduate Diploma in Banking and Relationship Management with AXIS Bank

YES Professional Banker Program

YES professional banker program help young graduate to become new age bankers. This program is created by YES bank in partnership with the Manipal Academy of BFSI (MABFSI). On successful completion of the program, the candidate will be awarded a Post Graduate Diploma in Banking from Manipal Academy of Higher Education (MAHE) and will join YES bank in relevant corporate, retail business or operations role.

ICICI Manipal Probationary Officers Programme Post Graduate Diploma in Banking for Sales and Relationship Management

ICICI Bank Manipal Probationary Officer's Programme is an initiative by ICICI Bank in partnership with Manipal Global Education Services. The eligibility criteria for this programme is graduation or Engineering from any stream. Candidates should secure 55 per cent in graduation. The age should be below 27 years. The selection process for ICICI Bank Probationary Officer comprises Online Aptitude Test and Online Personal Interview.

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Private Bank Jobs vs Public Bank Jobs​

Most of the private banks recruit candidates through written exam and personal interview like the public sector banks. The difference between the two is the difficulty level of the exam. The examination for private bank recruitment is done by individual banks. Whereas, recruitment in the public sector banks in India is done by IBPS. The salary, incentives, and job security offered by the public sector banks in India are more compared to private bank jobs.