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The banking business in India is one of the most dynamic and promising areas of the country's economy. In addition, the government's Financial Inclusion programme prioritises making bank branches accessible in all neighbourhoods. As a result, financial institutions are opening branches in every region of the country.
Due to the rapid expansion, a wide range of skilled workers is required across all levels of the industry. Generally speaking, hiring in the banking industry occurs at the following tiers:
This managerial job at a bank is known as a Bank Probationary Officer (Bank PO). Candidates who successfully complete the required 1- to 2-year training are promoted to the position of Assistant Manager (AM) or Deputy Manager (DM). Depending on the bank and the area of posting, a bank PO's starting salary might be anywhere from Rs. 30,000 to Rs. 40,000.
Clerks in banks do clerical duties and are often the first point of contact for customers. Bank clerk salaries range from Rs. 20,000 to 25,000 on average, though this would vary from institution to institution and posting to posting.
Banks also need people to fill the roles of specialist officers (SO), such as information technology (IT) officers, human resources (HR) officers, marketing officers, finance officers, legal officers, agricultural officers, and so on. A Specialist Officer's grade and starting salary are typically the same as those of a Probationary Officer.
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