Banks are the financial institution that accepts deposits from public and creates credit. Banks have a vital role to play in the financial stability of the country. All the Banks are highly regulated in most countries. These institutions intend to ensure liquidity in the country. This article is all about Bank Recruitment 2018. Read the article and get banks recruitment 2018 notification.
History of Banking in India.
The Banking system in India was started in 18th century. Bank of Hindustan was among the first bank in India. Going ahead, State Bank of India is the oldest existing bank in the country. In 1806, it was originated as Bank of Calcutta and was later named Bank of Bengal in 1809. It was among the three banks funded by a presidency government all of which were merged in 1921 to form Imperial Bank of India.
After India’s independence, the Imperial Bank of India was renamed as State Bank of India in 1955. Reserve Bank of India (RBI) is India’s central bank which controls the monetary policy of the Indian Rupee. It plays an important part in the Development Strategy of Government of India. The central bank vary from country to country which are autonomous body and RBI is known as Banker’s Bank.
Earlier, the The concept of banking was started in 14th century in Italy and credit and lending concept is taken from there. India initiated this concept in 18th century. The name ‘Bank’ is taken from middle French ‘Banque’ which means ‘Table’. This was the word used as benches were used to makeshift and exchange counters. The transactions used to happen on desks by green tablecloth. This is how the name, ‘Bank’ was kept.
Classification of Banks.
Banks are classified in scheduled and non-scheduled banks. Scheduled banks can be classified into commercial banks and cooperative banks. Further more, Commercial Banks can be classified into public sector banks, private sector banks and cooperative banks.
There are 21 nationalized banks in India which are.
- State Bank of India
- Bank of India
- Allahabad Bank
- Bank of Maharashtra
- Canara Bank
- Indian Overseas Bank
- IDBI Bank
- Oriental Bank of Commerce
- Central Bank of India
- Corporation Bank
- Andhra Bank
- UCO Bank
- Bank of Baroda
- Union Bank of India
- United Bank of India
- Vijaya Bank
- Dena Bank
- Indian Bank
- Punjab & Sindh Bank
- Punjab National Bank
- Syndicate Bank
There is a list of Private Sector Banks in which major stake or equity is held by private shareholders. There are foreign banks, Regional rural banks, small finance banks. This Banks Recruitment page will update all the Banking recruitment in Banks.
Banks are the financial institution that accepts deposits from public and creates credit. They have a vital role to play in the financial stability of the country. This article is all about Bank Recruitment 2018. Read the article and get banks recruitment 2018 notification.
Types of Banks.
In India, you can see different types of Banks which includes.
- Public Sector Banks.
- Private Sector Banks.
- Local Area Banks.
- Small Finance Banks.
- Payments Banks.
- Foreign Banks.
- Regional Rural Banks.
- Cooperative Banks.
- RBI is also known as Banker’s Bank and Mini Street. It is owned by Indian Government. It was established in 1934 but nationalized in 1949.
- Reserve Bank of India controls the monetary policy of Indian Rupee.
- RBI oversees monetary policies, issuing currency, foreign exchange and overall economic growth of the country.
Activities at Banks.
Activities undertaken by banks include.
- Personal Banking.
- Corporate Banking
- Investment banking.
- Private Banking.
- Transaction Banking.
- Consumer Finance.
- Foreign Exchange Trading.
- Commodity Trading.
- Trading in Equities.
- Futures and Options trading.
- Money market trading.
Banks Recruitment 2018-19| Banks Jobs of Various Banks Vacancy
CURRENT POST OPENING AT Banks: There the following post opening at various Banks as mentioned below.
SBI Recruitment 2018 | 39 SBI Deputy Manager Posts | Last date is 28th December 2018
|Post Name||Deputy Manager Posts|
|Number of SBI Vacancy||39 Posts|
|Pay Scale||Rs. 31, 705/- to Rs. 45, 950/-|
|Age Limit||21 years to 35 years|
|SBI Job location||All across India|
|Apply Link||Read More Details for SBI Deputy Manager Vacancy|
South Indian Bank Recruitment 2018-19 | Apply online for Probationary Officer Post | 16th December 2018
|Probationary Officer Post|
Number of South Indian Bank Vacancy
|Rs. 23, 700/- to Rs. 4, 2020/-|
|Diploma in Banking & Finance Programme|
South Indian Bank Job location
|All across India|
Canara Bank Recruitment 2018 | 31 Security Manager posts | Last date is 3rd December 2018
|Post Name||Security Manager posts.|
|Number of Canara Bank Vacancy||31 Posts.|
|Pay Scale||Rs. 31, 705/- to Rs. 45, 950/-.|
|Qualification||Graduation from recognized university.|
|Age Limit||25 years to 40 years.|
|Canara Bank Job location||All over India.|
|Apply Link||Read More Details for Canara Bank Vacancy|
Candidates are requested to read all the information about the jobs by clicking above link. All the details like Education Qualification, Pay Scale, How to apply & official website are given in the article.
Disclaimer : We try to collect all the information from official website as source. Still if you find any kind of changes, you may give us your feedback via either our “contact us form” or by commenting below.