Banking refers to the financial services provided by banks and other financial institutions. It involves activities such as accepting deposits, lending money, facilitating transactions, managing investments, and providing various other financial services to individuals, businesses, and the government. Banking plays a crucial role in the economy by mobilizing savings, facilitating the flow of funds, and supporting economic growth.

A banker is an individual or an entity that works in a bank or financial institution and is responsible for carrying out banking activities. They act as intermediaries between depositors and borrowers, manage customer accounts, provide financial advice, and facilitate transactions. Bankers can hold various positions within a bank, such as tellers, loan officers, branch managers, investment advisors, or executives.

The role and duties of banking professionals can vary based on their position and specialization within the bank. Here are some common roles and duties in banking careers in India:

a. Customer Service: Bankers interact with customers and provide assistance in opening accounts, issuing debit/credit cards, addressing queries, and resolving complaints. They ensure a positive customer experience and promote customer satisfaction.

b. Deposits and Lending: Bankers accept deposits from customers, maintain deposit accounts, and process withdrawals. They also evaluate loan applications, assess creditworthiness, and grant loans to eligible borrowers. Bankers are responsible for managing the loan portfolio and ensuring timely repayment.

c. Financial Advisory: Bankers provide financial advice to customers, helping them make informed decisions regarding investments, insurance, retirement planning, and other financial matters. They analyze customer needs, recommend suitable products and services, and assist in wealth management.

d. Operations and Transactions: Bankers handle various banking operations, including processing transactions, managing cash, maintaining records, and reconciling accounts. They ensure compliance with regulatory requirements, follow security protocols, and safeguard customer information.

e. Risk Management: Bankers assess and manage risks associated with banking activities. They analyze credit risks, monitor market fluctuations, and implement risk mitigation strategies to protect the bank's assets and maintain financial stability.

f. Compliance and Regulatory: Bankers ensure adherence to banking laws, regulations, and internal policies. They stay updated with legal and regulatory changes, implement anti-money laundering measures, and maintain proper documentation to meet compliance requirements.

g. Business Development: Bankers play a vital role in acquiring new customers, expanding the bank's client base, and promoting financial products and services. They engage in marketing activities, build relationships with potential clients, and explore opportunities for business growth.

h. Technology and Digital Banking: With the increasing importance of digital banking, bankers are involved in adopting and implementing technology-driven solutions. They assist customers in using online banking platforms, mobile banking apps, and other digital services, ensuring seamless transactions and customer convenience.

Step 1:   To start a career in banking in India, you typically need a bachelor's degree in a relevant field such as finance, accounting, economics, or business administration. Some banks may require a master's degree or specific certifications for higher-level positions.

Step 2:  Many banks and financial institutions in India conduct entrance exams as part of their recruitment process. Common exams include the Institute of Banking Personnel Selection (IBPS) exams, State Bank of India (SBI) exams, and Reserve Bank of India (RBI) exams.

1. Bank Teller/Customer Service Representative: Handles cash transactions, assists customers with account inquiries, and provides basic banking services.
2. Loan Officer: Evaluates loan applications, assesses creditworthiness, and recommends loan approvals or rejections.
3. Relationship Manager: Builds and maintains relationships with clients, offers personalized financial solutions, and cross-sells banking products.
4. Investment Banker: Works in corporate finance, facilitates capital raising and mergers and acquisitions, and provides advisory services to clients.
5. Risk Manager: Assesses and manages risks associated with banking operations, develops risk management strategies, and ensures compliance with regulations.
6. Branch Manager: Oversees bank branch operations, manages staff, and ensures excellent customer service and compliance with regulations.
7. Wealth Manager/Private Banker: Manages investment portfolios for high-net-worth clients, provides financial planning advice, and offers personalized wealth management solutions.
8. Compliance Officer: Ensures banks comply with legal and regulatory requirements, develops and implements compliance policies, and conducts internal audits.
9. Operations Manager: Manages day-to-day operations of a bank branch, optimizes processes, and ensures efficient workflow and service quality.
10. Credit Analyst: Assesses creditworthiness of loan applicants, analyzes financial statements and provides recommendations on loan terms and conditions.

• Employment sector
• Public Sector Banks
• Private Sector Banks
• Foreign Banks
• Regional Rural Banks (RRBs)
• Cooperative Banks
• Non-Banking Financial Companies (NBFCs)
• Payment Banks