Streams

Banking

Banking is one career that keeps growing daily, that too at a rapid pace. It is a career especially for the ones who are deeply interested in finance and commerce fields. It is an entry into a well-paid, secure and status career. Though it may appear that these jobs are meant for commerce/economics students, but the fact is that majority of bank officers are from different streams of education. With Private Banks coming up frequently the scope of profession and opportunities keep expanding. Individuals who are invested in banking as career as particular option they usually can go ahead right from plus -one and plus-two by taking commerce as their stream of study. Further for graduation they can take up courses as listed below:

  • B.COM in Banking & Finance.
  • BBA in Banking.
  • B.COM in Banking Management.
  • B.COM in Banking & Insurance.
  • BBA in Banking & Finance.

Similarly Masters options with MBA in Banking and Finance is a quite common option.


Articles

IBPS Clerk Exam Pattern 2018 : Points to Remember

 

Common written exam (CWE) is conducted by The institute of Banking Personnel Selection (IBPS) for the banking aspirants.For clerical cadre, the examination is scheduled to start on 8th December 2018. The preliminary examination will be followed by mains examination scheduled in January 2019.

Please find below some of the key points to remember related to the exam pattern.

 

  1. Major change introduced in Exam Pattern

The major change introduced in the pattern of Preliminary Examination for IBPS Clerk Recruitment 2018 is the introduction of sectional timings (20 minutes for each section) for the three different sections (English Language, Reasoning Ability and Numerical Ability).

 

  1. IBPS Clerk Preliminary Examination Pattern 2018

Sr. No.

Sections

No. Of Questions

Maximum Marks

Duration

1

English Language

30

30

20 minutes

2

Numerical Ability

35

35

20 minutes

3

Reasoning Ability

35

35

20 minutes

 

Total

100

100

60 minutes

 

In preliminary examination, students have to do with each of the three sections within a time limit of 20 minutes only. It means that the students can attempt one particular section under that stipulated time only. Previously students had advantage of utilizing their time according to their strength areas. But now this strategy needs to be changed and focus should be on increasing the speed and accuracy for all three sections equally.

 

For main examination no changes have been introduced. There will be sectional cut-off in both preliminary and main examination.

 

  1. IBPS Clerk Main Examination Pattern 2018

Sr. No.

Sections

No. Of Questions

Maximum Marks

Duration

1

General/ Financial Awareness

50

50

35 minutes

2

General English

40

40

35 minutes

3

Reasoning Ability and Computer Aptitude

50

60

45 minutes

4

Quantitative Aptitude

50

50

45 minutes

 

Total

190

200

160 minutes

 

  1. Penalty for wrong answers

Penalty for wrong answers is applicable for both prelims and main examination. For each wrong answer, one-fourth of the marks assigned to the question will be deducted.

 

  1. Final Merit List

Marks obtained in the main examination only will be considered for final merit listing. No interviews or group discussion round will be conducted.

 

  1. Calculation of Final Score

The corrected scores obtained by each of the candidates in different sessions are normalized using equi-percentile method.

It means that though the exams are held in different shifts and with different question sets, the students will not be at disadvantage due to variation in difficulty level.

 

These are some of the key details related to IBPS Clerk 2018 examination. In case you have any specific query related to the examination, please write to us at info@perfectmentors.in

Also, try our customized mock tests and in-built analytics to give your preparations an extra edge.

 

Best wishes for your examinations!

 

SBI Clerk (Junior Associate) Examinations 2018

 

Updated as on May 20, 2018

 

The State Bank of India has released SBI Junior Associates Recruitment 2018 notification. More than 8000 vacancies has been announced by SBI this year. Any eligible candidate, who aspires to join State Bank of India as a Junior Associates (Customer Support & Sales) in clerical cadre, is required to register online for the Recruitment Process. Usually, SBI conducts the examination in three phases in order to carry out the complete recruitment process. The three steps that SBI follows for the recruitment are as follows:

1. Online Preliminary Examination (Objective Test).

2. Online Mains Examination (Objective Test and Descriptive Test).

3. Test of official or local language.

SBI Junior Associates examination dates schedule for: Candidate can register SBI Junior Associates application form from 20th January 2018 to 10th February 2018. The last date for printing the application from 25th February 2018. Admit cards for Preliminary exam will be updated on the official website by 6th June 2018 and for Main exam will be updated on 23rd July 2018. SBI Junior Associates Preliminary exam will be held on 23rd, 24th & 30th June 2018 and Main exam will be held on 5th August 2018.

 

Fee Details: Candidates will be required to pay the requisite application fee. The payment can be made online through credit/debit/net banking methods. For General and OBC category candidates will have to pay Rs 600/- and those belonging to SC/ST/PWD/XS category will have to pay Rs 100/-.

 

 SBI Clerk Examination Pattern:

1)    Preliminary Exam Pattern

SBI Junior Associates Preliminary exam will be conducted through CBT (Computer Based Test). The duration of exam shall be One hour. Online CBT test will be held on 23rd, 24th & 30th June 2018. Questions will be Objective Type (Multiple Choice and Reason-Assertion type) will be provided either in English or in local language according to the choice of candidates. For each correct answer will get score of one mark. For each wrong answer 1/4 mark will be deducted. The SBI Junior Associates Preliminary exam consist of 100 questions, with 35 questions asked each from Numerical Ability and Reasoning Ability, and 30 questions from English Language.

 

2)    Main Exam Pattern

SBI Junior Associates Main exam will be conducted through CBT (Computer Based Test). The duration of exam shall be Two hours 40 minutes. Online CBT test will be held on 5th August 2018. Questions will be Objective Type (Multiple Choice and Reason-Assertion type) will be provided either in English or in local language according to the choice of candidates. For each correct answer will get score of one mark. For each wrong answer 1/4 mark will be deducted. The SBI Junior Associates Main exam consist of 190 questions, with 50 questions asked each from General Awareness, Quantitative Aptitude and Reasoning Ability & Computer Aptitude, and 40 questions from General English Language.

 

3) Test of specified opted local language: Those who qualify for selection and produce 10th or 12th standard mark sheet/certificate evidencing having studied the specified opted language will not be subjected to any language test. In case of others (qualified for selection), specified opted language test will be conducted after provisional selection but before joining. Candidates not found to be proficient in specified opted local language would be disqualified.

 

Final selection: The marks obtained in the Preliminary examination will not be added for the selection and only the aggregate marks obtained in Main examination will be considered for preparation of the final merit list.

 

SBI Junior Associates Examination Syllabus:

Quantitative Ability: Number System, Sequence & Series, Profit & Loss, Simplification, Mixtures & Allegations, Simple Interest & Compound Interest, Work & Time, Time & Distance, Mensuration – Cylinder, Cone, Sphere, Ratio & Proportion, Percentage, Averages, Quadratic equations, Data Interpretation, Data Sufficiency, Permutation, Combination & Probability.

English Language: Sentence Improvement, Fill in the blanks, Reading Comprehension including synonyms and antonyms, Para jumbles, Cloze Test, Error Spotting, Phrase Replacement.

.

Reasoning: Verbal Reasoning, Series, Analogy, Syllogism, Puzzle, Circular Seating Arrangement, Linear Seating Arrangement, Double Lineup, Scheduling, Blood Relations, Machine Input Output, Coding and Decoding, Directions and Distances, Data Sufficiency, Ordering and Ranking, Code Inequalities.

General Awareness: Financial Awareness, Current Affairs, General Knowledge, Static Awareness, Banking and Financial Awareness, Govt. Schemes and Policies.

Computer Awareness: Internet, Memory, Keyboard Shortcuts, Computer Abbreviations, Microsoft Office, Computer Hardware and Software, Operating System, Networking, Computer Fundamentals/Terminologies, DBMS.

 

SBI Junior Associates Eligibility Criteria:

(A)  Essential Academic Qualifications: (AS ON 01.01.2018):

Graduation in any discipline from a recognized University or any equivalent qualification recognized as such by the Central Government. Those who are in the Final year/ Semester of their Graduation may also apply provisionally subject to the condition that, if called for interview, they will have to produce proof of having passed the graduation examination on or before 01.01.2018. Candidates having integrated dual degree (IDD) certificate should ensure that the date of passing the IDD is on or before 01.01.2018. Candidates possessing qualification of Chartered Accountant may also apply.

 

(B)   Age Limit: (As on 01.01.2018):

Not below 20 years and not above 28 years as on 01.01.2018 i.e. candidates must have been born not later than 01.01.1998 and not earlier than 02.01.1990 (both days inclusive)

 

Relaxation of Upper age limit:
Age relaxation of SC/ST - 5 Years, Other Backward Classes (Non-Creamy Layer) - 3 Years, Persons With Disabilities (PWD) - PWD (SC/ST)-15 Years, PWD (OBC)- 13 Years and PWD (Gen) - 10 Years, Ex Servicemen, Commissioned officers including Emergency Commissioned Officers (ECOs)/Short Service Commissioned Officers (SSCOs) who have rendered 5 years military service and have been released on completion of assignment (including those whose assignment is due to be completed within one year from the last date of receipt of application) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or physical disability attributable to military service or invalidment - 5 Years .

SBI PO Examinations 2018: A complete guide to the exams

 

Updated as on May 17, 2018

 

State Bank of India is the leading public sector bank of India. Working for this institution is not only an immensely learning experience but also a great privilege in itself. Recently the State Bank of India has released SBI PO Recruitment 2018 notification in which total 2000 vacancies are announced.

Any eligible candidate, who aspires to join State Bank of India as a Probationary Officer, is required to complete the Recruitment Process. Usually, SBI conducts the examination in three phases in order to carry out the complete recruitment process. The three steps that SBI follows for the recruitment are as follows:

1. Online Preliminary Examination (Objective Test).

2. Online Mains Examination (Objective Test and Descriptive Test).

3. Group Exercises and Personal Interview.

 

SBI PO 2018 Exam dates:

Events

Dates

Online registration starting date

21st April 2018

Online registration last date

13th May 2018

Last date for Printing your Application

28th May 2018

Payment of Application Fees

21st April 2018  to 13th May 2018

Download Hall Tickets for online Preliminary Examination

18th June 2018

Online Preliminary Exam date

1st, 7th, and 8th July 2018

Result – Online Preliminary Exam

15th July 2018

Online Main Exam date

8th August 2018

Download Hall Tickets for online Main Examination

20th July 2018

Result – Main Exam

20th August 2018

Interviews and Group Exercises

1st September 2018

Final Result

1st November 2018

Pre – Exam Training for SC/ST/Religious Minority Community candidates

Download Hall Tickets for Pre Exam Training

28th May 2018

Date of Pre Exam Training

18th June 2018  to 23th June 2018

 

Fee Details:

Candidates need to submit fee along with the application form. For General and others fee amount is Rs. 600/- (plus transaction fees) while for SC/ ST/ PWD it is Rs. 100/- (plus transaction fees).

 

SBI PO 2018 Vacancies:

Category

Vacancies

PWD Vacancies

SC

300

LD

27

ST

150

VI

26

OBC

540

HI

65

General

1010

-

-

Total

2000

Total

118

Selection Procedure:

Preliminary examination is qualifying in nature. The marks obtained in the Preliminary Examination will not be added for preparing the final merit list for selection. Only the marks obtained in Main Examination, both in Objective Test and Descriptive Test will be added to the marks obtained in GE & Interview for preparing the final merit list. The candidates will have to qualify both in Main Exam and Group Exercises separately. Marks secured by the candidates in the Main Examination (out of 250 marks) are converted to out of 75 and marks secured in Group Exercises & Interview (out of 50 marks) are converted to out of 25. The final merit list is arrived at after aggregating converted marks of Main Examination and Group Exercises & Interview out of 100. The selection will be made from the top merit ranked candidates in each category. Results of the candidates who qualify for Main Examination and Group Exercise & Interview as well as the final select list will be made available on the Bank's website.

SBI PO Eligibility Criteria:

(A)  Essential Academic Qualifications: (AS ON 31.08.2018):

Graduation in any discipline from a recognized University or any equivalent qualification recognized as such by the Central Government. Those who are in the Final year/ Semester of their Graduation may also apply provisionally subject to the condition that, if called for interview, they will have to produce proof of having passed the graduation examination on or before 31.08.2018. Candidates having integrated dual degree (IDD) certificate should ensure that the date of passing the IDD is on or before 31.08.2018. Candidates possessing qualification of Chartered Accountant may also apply.

 

(B)   Age Limit: (As on 01.04.2018):

Not below 21 years and not above 30 years as on 01.04.2018 i.e. candidates must have been born not later than 01.04.1997 and not earlier than 02.04.1988 (both days inclusive)

Relaxation of Upper age limit is provided in some cases like SC/ST, Person with Disabilities, ex-service men etc. A list of the same is provided below:

Sr. No.

Category

Age relaxation

1.  

SC/ST

5 Years

2.

Other Backward Classes (Non-Creamy Layer)

3 Years

3.

Persons With Disabilities (PWD)

PWD (SC/ST)-15 Years

PWD (OBC)- 13 Years

PWD (Gen)- 10 Years

4.

Ex Servicemen, Commissioned officers including Emergency Commissioned Officers (ECOs)/Short Service Commissioned Officers (SSCOs) who have rendered 5 years military service and have been released on completion of assignment (including those whose assignment is due to be completed within one year from the last date of receipt of application) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or physical disability attributable to military service or invalidment.

5 Years

5.

Persons Ordinarily domiciled of the state of Jammu & Kashmir during the period 01.01.1980 to 31.12.1989

5 Years

 

SBI PO 2018 Examination Pattern:

 

1. Preliminary Exam Pattern

1.a  General Information:

  • Mode of Exam: The exam will be conducted through CBT (Computer Based Test).
  • Duration: The exam duration will be 1 hour.
  • Type of Question: Questions will be Objective Type (Multiple Choice and Reason-Assertion type).
  • No. of Question: Total 100 questions will be asked in the examination.
  • Language: Question paper will be provided in English.
  • Marking Scheme: One mark will be given for each correct answer.
  • Negative Marking: 1/4th will be deducted for incorrect answer.

 

1.b  Question Pattern

Subject

No. of Question

Duration

English Language

30

20 minutes

Quantitative Aptitude

35

20 minutes

Reasoning Ability

35

20 minutes

Total

100

1 hour

 

2. Main Exam Pattern

 

2.a  General Information:

Type of Question: Questions will be both of Objective Type (Multiple Choice and Reason-Assertion type) and Descriptive Test.

No. of Question: Total 155 questions will be asked in the examination.

Language: Question paper will be provided in English.

Negative Marking: 1/4th will be deducted for incorrect answer.

 

Descriptive Test:

The Descriptive Test duration 30 minutes with a score of 50 marks. This test is conducted to test the writing skills of candidates via Letter Writing & Essay Writing.

 

Question Pattern:

Subject

No. of Question

Maximum Marks

Duration

Reasoning and Computer Aptitude

45

60

60 minutes

English Language

35

40

40 minutes

Data Analysis and Interpretation

35

60

45 minutes

General/Economy/Banking Awareness

40

40

35 minutes

Total

155

200

3 hours

 

3. Group Exercises (20 marks) & Interview (30 marks):

 

SBI PO Examination Syllabus:

1)    Preliminary Examination Syllabus:

Reasoning: Alphanumeric Series, Logical Reasoning, Ranking/Direction/Alphabet Test, Data Sufficiency, Coded Inequalities, Seating Arrangement, Puzzle, Tabulation, Syllogism, Blood Relations, Input Output, Coding and Decoding.

Quantitative Ability: Number Systems, Sequence & Series, Profit & Loss, Simplification, Mixtures & Alligations, Simple Interest & Compound Interest & Surds & Indices, Work & Time, Time & Distance, Mensuration – Cylinder, Cone, Sphere, Ratio & Proportion, Percentage, Data Interpretation, Permutation, Combination & Probability.

English Language: Fill in the blanks, Reading Comprehension, Para jumbles, Cloze Test, Multiple Meaning/Error Spotting, and Paragraph Completion.

2)    Mains Examination Syllabus:

Data Analysis & Interpretation: Line Graph, Pie Chart, Bar Graph, Tabular Graph, Radar Graph Case let, Missing Case DI, Data Sufficiency, Probability, Permutation and Combination.

Reasoning: Verbal Reasoning, Analytical and Decision Making, Syllogism, Circular Seating Arrangement, Linear Seating Arrangement, Double Lineup, Scheduling, Blood Relations, Input Output, Coding and Decoding, Directions and Distances, Data Sufficiency, Ordering and Ranking, Code Inequalities, Course of Action, Critical Reasoning.

English Language: Grammar, Vocabulary, Verbal Ability, Word Association, Sentence Improvement, Fill in the blanks, Reading Comprehension, Para jumbles, Cloze Test, Error Spotting.

General Awareness: Financial Awareness, Current Affairs, General Knowledge, Static Awareness, Banking and Financial Awareness, Govt. Schemes and Policies.

Computer Awareness: Internet, Memory, Keyboard Shortcuts, Computer Abbreviation, Microsoft Office, Computer Hardware and Software, Operating System, Networking, Computer Fundamentals/Terminologies.

 

How to prepare for the examinations


As the examination covers a wide range of sections and topics, it is advisable to practice thoroughly along with understanding the concepts. Speed and accuracy become major distinguishing factors in these exams. SBI PO Mock tests will help you immensely to improvise your speed and accuracy. 

Wish you best for your exams!

SBI PO PREMIMINARY EXAM MOCK TESTS

SBI PO MAIN EXAMS MOCK TESTS

Why Banking as a Career?

Banking sector is one of the fastest growing sectors in India. Apart from public sector, private sector and foreign banks, new players in small Finance banks and payment banks are also emerging, thus expanding the horizons of the sector. The formalization of banking sector, started with Banking Regulation Act, 1949. In the last two decades the banking scenario has quite changed due to change in traditional way of banking, technology and push towards financial inclusion.

 

How to get there

There are many entrance level examinations conducted through which one can get entry in Banking Sector. A list of such exams is listed below:

 

Reserve bank of India Grade B Officer

 

Eligibility- Candidates must be between 21 to 30 years. Age limit is different for M.Phil., Ph.D. and experienced candidates etc. for which the detailed notification needs to be referred to.

Generally, a minimum of 60% marks (50% in case of SC/ST/PWD) or an equivalent grade in Bachelor’s degree as well as in 12th (or Diploma or equivalent) and 10th standard examinations is needed.

There is a cap on the number of attempts as well for candidates in general category.

 

Examination Pattern-

Selection is done through on-line Examinations and interview. Examinations are held in two phases as following

 

(I) Phase-I online Examination – It is objective type examination consisting of

(i) General Awareness

(ii) English Language

(iii) Quantitative Aptitude and

(iv) Reasoning

Candidates have to secure minimum marks separately for each test as well as aggregate, as prescribed by the Board. Candidates, who secure minimum marks separately for each Test, as prescribed, will be shortlisted for Phase-II of the examination based on the aggregate marks obtained in Phase-I. The minimum aggregate cut-off marks for being shortlisted for Phase-II of the examination will be decided by the Board in relation to the number of vacancies.

There will be negative marking in the objective Paper which will be equal to ¼ of the marks allotted for every correct response. However, there won’t be any deduction for a question not attempted

 

(II) Phase-II online Examination: The Phase-II online Examination is conducted only for the candidates who are shortlisted on the basis of results of Phase-I.

Phase–II online examination consists of three papers as under:

(i) Paper I – Economic and Social issues – Objective Type

(ii) Paper II – English (Writing Skills) - Descriptive, to be typed with the help of the keyboard

(iii) Paper III – Finance and Management

 

(III) Interview: Candidates are shortlisted for the interview, based on aggregate of marks obtained in Phase-II (Paper-I +Paper-II +Paper-III). The minimum aggregate cut off marks for being shortlisted for Interview is decided by the Board in relation to the number of vacancies.

For the detailed syllabus of the papers, candidates need to refer the detailed notification of the exams published by RBI, generally in the month of June-July every year.

 

State Bank of India Probationary Officer

 

Eligibility- Candidates must be between 21 to 30 years. Age limit is different certain categories for which the detailed notification needs to be referred to.

Graduation in any discipline from a recognised University or any equivalent qualification recognised as such by the Central Government is the minimum applying criteria.

 

Examination Pattern-

The examination consists of preliminary and main exams followed by interview.

 

(I) Phase-I online Examination – It is objective type examination consisting of

(i) English Language

(ii) Quantitative Aptitude

(iii) Reasoning Ability

Candidates have to qualify in each of the three tests by securing passing marks to be decided by the Bank. Adequate number of candidates in each category as decided by the Bank (approximately 20 times the numbers of vacancies subject to availability) will be short listed for the Main Examination

 

(II) Phase-II: Main Examination: 

Main Examination consists of Objective Tests for 200 marks and Descriptive Test for 50 marks. Both the objective and descriptive Tests will be online. Candidates will have to answer Descriptive test by typing on the computer. Immediately after completion of Objective Test, Descriptive Test will be administered.


(I) Objective Test:

The candidates are required to qualify in each of the Tests by securing passing marks, to be decided by the Bank. The sections are:

1. Reasoning & Computer Aptitude 
2. Data Analysis & Interpretation 
3. General/Economy/Banking Awareness 
4. English Language 

(ii) Descriptive Test: The Descriptive Test of 30 minutes’ duration with 50 marks will be a test of English Language (Letter Writing & Essay)

Descriptive Test paper of only those candidates will be evaluated who have scored qualifying marks in the Objective Tests and are placed adequately high as per total marks in objective test. 

There will be penalty for wrong answers marked in the Objective Tests. For each question for which a wrong answer has been given by the candidate one fourth of the marks assigned to that question will be deducted as penalty to arrive at corrected score. If a question is left blank, i.e. no answer is marked by the candidate, there will be no penalty for that question.


Phase – III: Group Exercises (20 marks) & Interview (30 marks)

The qualifying marks in Group Exercises &Interview will be as decided by the Bank.

 

IBPS Common Written Exam for Probationary Officer

The structure of the Examinations which is conducted online follows as:

 

(I) Phase-I Preliminary Examination

1) English Language

2) Numerical Ability

3) Reasoning Ability

Total there will be 100 Questions, Exam Duration: 1 hour. Candidates have to qualify in each of the three tests by securing cut-off marks to be decided by IBPS. Adequate number of candidates in each category as decided by IBPS depending upon requirements will be shortlisted for Online Main Exam.

 

(II) Phase-II main Examination

1) Reasoning

2) English Language

3) Quantitative Aptitude

4) General Awareness

5) Computer Knowledge

 

Generally, question paper is of 200 Marks for 200 Questions.

There will be penalty for wrong answers marked in the objective tests. For each question for which a wrong answer has been given by the candidate one fourth or 0.25 of the marks assigned to that question will be deducted as penalty to arrive at corrected score

 

(III) Interview

Candidates who have been shortlisted in the main examination for Common Written Examination are subsequently called for an Interview.

 

Private Banks

Some private banks take management/banking students directly from campus while some conduct their own examinations. For example- ICICI bank. The other examinations conducted for banking sector are:

  • Reserve bank of India clerical examination
  • IBPS Common Written Exam for Clerical Recruitment for PSUs
  • State Bank of India Clerical Recruitments
  • Common Written Exam for Specialist Officer
  • Common Written Exam for Regional Rural Banks

Career Opportunities and Preparation for RRBs

Banking in India has an interesting history. Today everyone from poor to rich talks about banks and is in a position to avail services of these banks. This was not the situation in early years of independent India. We got independence on 15th August 1947 and became a republic on 26th January 1950. Our great leaders of those days wanted India to be a true democracy with ideals of equal opportunity, social justice and development.

Banks are expected to make significant contribution in a nation's social and economic development. However at the time of our country's independence, our banking system was not ready for this. There were very few bank branches in the country situated mostly at urban centres. These branches catered to upper sections of society consisting of big businessmen, industrialists and other persons of high net worth. Banking services were out of reach for labourers, small farmers and persons from lower income group. This situation continued for about two decades till nationalization of banks happened. In a bold step government nationalized 14 big private banks in 1969. Government wanted these banks to play a major role in socioeconomic development of the country. For this, large number of bank branches were opened in the country, mostly in villages and small towns. Many government sponsored schemes were implemented through these banks .These schemes focused on providing income generating opportunities for poor people by engaging in productive activities, helping farmers in increasing crop yield by using bank's financial assistance for purchase of fertilizers, pesticides and farm equipment etc. Thus banking opened its doors for a huge population of lower strata of society.

Nationalized banks were playing their role well. However it was felt that this set up of banks can't fully meet the requirement of our village population. Nearly two third of India's population lives in villages and needed to be included in all development plans. To meet the banking requirements of this segment, it was decided to establish Regional Rural Banks (RRBs) across the country. For this an ordinance was introduced on 26th September 1975 which later got replaced by Regional Rural Banks Act 1976.The act said that Regional Rural Banks are being established for developing rural economy by providing for development of agriculture, trade, commerce, industry and other production activities in rural area, credit and other facilities, in particular to small and marginal farmers, agricultural labourers, artisans and small entrepreneurs etc.

These banks were to be established by different public sector banks as sponsor banks with a share of 35%. Central government was to have a share of 50% and remaining 15% went to state government. The first RRB by the name of Prathma Bank, sponsored by Syndicate Bank, was established at Moradabad on 2nd October 1975 followed by 4 other RRBs with headquarters at Gorakhpur (Uttar Pradesh), Malda (West Bengal), Bhiwani (Haryana) and Jaipur (Rajasthan).

By the end of year 1987 the number of RRBs had increased to 196.  RRBs were established as low cost institution. In the early years of their operation most of these incurred losses. To bring efficiency in their working and cut the losses incurred by them, reorganization was considered necessary. As a result of this today there are 56 RRBs in the country with about 21000 branches in 644 districts and having 87,000 employees. Their pay structure is similar to those of nationalized banks. As per data available 50 of RRBs are in profit now. State wise list of RRBs can be found on Reserve Bank of India (RBI) website. Country's biggest bank, State Bank of India has 14 RRBs with 3784 branches. Government nationalized 6 more banks in 1980. Some of the RRBs are promoted by this set of banks also. Financial inclusion is a major agenda before our government. Considering the role of RRBs in making financial inclusion a reality, rural development and broad development of nation's economy; sponsor banks and government are making every effort to strengthen and empower the RRBs. RRBs amendment bill, 2015 has been passed and notified in Gazette of India on 12.05.2015.With this amendment RRBs have more freedom in opening/closing of their branches and also in the matters of raising capital and making investments.

Since their inception, RRBs have now come long way. Like other banks they are also making extensive use of technology and are offering innovative banking products and services. With branches of RRBs Indian Banking System has reached many remote places in the country.

Working conditions in RRBs are more or less similar to those of Public Sector Banks. However employee mobility is restricted as branches of a particular RRB are situated in a few adjacent districts within a state or union territory.

Job in RRBs

Even after extensive computerization, banking still is a people driven industry. RRBs too require people to manage their operations and meet their expansion plans. The mandate for recruitment in RRBs is given to Institute of Banking Personnel Selection (IBPS). Recently IBPS has advertised for large number of vacancies in RRBs. Requirement is for office assistants in clerical cadre and for officers' in different scales. Vacancies are divided into Group 'A'-Officers (Scale I, II & III) and Group 'B'-Office Assistant (Multipurpose.)

For scale I General Banking officers, graduates from all disciplines are eligible. However graduates in   Agriculture, Animal Husbandry, Agricultural Engineering, Agricultural Marketing & Cooperation, Horticulture, Forestry, Pisciculture, Veterinary Science, Accountancy, Economics, Information Technology, Law or Management will be preferred.

Position of scale II & III General Banking officers is open to all graduates with minimum of 50% marks in aggregate. Here also graduates in certain disciplines as above will get preference. Two years' experience as an officer in a Bank or Financial Institution for Scale II and five years' experience for scale III are additional requirement. There are limited vacancies for specialist Scale II officers for which one needs to have specialized qualification with one to two years' experience. For all positions, candidate should possess proficiency in local language as applicable for the particular RRB. Requirement of local language can be ascertained from IBPS website. Generally local language will mean language of the particular state where RRB is situated. Working knowledge of computers is desirable for all positions. Applicants for the position of office assistants and Scale I officers are required to first appear in preliminary examination consisting of objective type questions. For office assistants there will be 40 questions each of reasoning and numerical ability. Preliminary examination for Scale I officers will have 40 questions each from reasoning and quantitative aptitude .In both the cases the medium of examination will be Hindi/English and the test is to be answered in 45 minutes. Those who qualify in the preliminary examination will be called for main examination with a time of 2 hours. Reasoning, general awareness, English & Hindi languages and computer knowledge are common for applicants of both the positions. In addition office assistants will take the test of numerical ability while Scale I officers will have to attempt questions of quantitative aptitude. The test for general banking officers in scale II  & III will consist of only one examination consisting of objective questions in reasoning, quantitative aptitude & data interpretation, financial awareness, English / Hindi language and computer knowledge. The test pattern remains the same for scale II specialist cadre with only exception of additional test in professional knowledge in the area of specialization. To elaborate applicants for marketing manager will be asked questions related to marketing whereas law related questions will be put to those aspiring to become law officers.  In all the cases candidates have the option to choose either Hindi or English language as far as test of language is concerned. It is simple to understand that answers in this particular section are to be chosen from the same language.

Negative marking is applicable for all the tests. For every wrong answer one fourth mark assigned to the question will be deducted. To qualify further a candidate has to obtain minimum prescribed mark in each test. It means if somebody gets a good composite score but fails in one particular segment will fail to qualify. So candidates have to prepare well for all parts of the test.  Based on the performance in the written test and vacancies available, certain number of applicants for officers' position will be called for interview. Such interview will be coordinated by the Nodal Regional Rural Banks with the help of National Bank for Agriculture and Rural Development (NABARD) and IBPS. Selection to the post of Office Assistant will be only on the basis of main written examination without interview.

Preparation for the Written Examination

The written examination will have only objective type questions. For every question there will be only one right answer which you're expected to identify and mark in the answer sheet. Many of the readers would already have appeared in similar tests .They should try to learn from their experiences and try to improve their score with greater speed and accuracy. In respect of different sections of the test, following ideas may help you in your preparations

Reasoning: Questions under this section can be related to verbal and nonverbal reasoning under verbal reasoning, based on some statement, conclusions will be mentioned as options from which you're expected to choose the right one which follows logically. The important point here is to keep your biases or perceptions away and focus only on the statement. The statement can be hypothetical too. Non-verbal reasoning may consist of pictorial, numerical or alphabetical problems wherein you'll be required to find the odd one or the one which follows as per the series. Here your mental alertness, visual judgment and observational ability i.e. eye for detail, will help you to succeed.

Numerical ability: Numerical ability test will consist of basic arithmetical problems relating to addition, subtraction, multiplication and division; number sequencing, percentages, powers and fractions, relationship between numbers etc. To some extent Numerical ability and Quantitative aptitude are similar. Test of Numerical ability can be categorized as a speed test and is used to determine your ease with numbers. Remember in banking you'll deal with money and numbers.

Quantitative aptitude: This section will have arithmetic problems of different nature which you solved in 6th to 10th standard. Questions may be related to percentages, time & work, averages, ratios & proportions, time, speed & distance, profit & loss, interest(simple & compound), area & volume etc. To do well you should be aware of formulae, BODMAS principle with ability to make quick and accurate calculations without use of calculators.

Data interpretation: As the term suggests in data interpretation related questions candidates are given various sets of data followed by some options. These data are to be comprehended and analysed to find the right answer. The data can come in the form of plain statements, tables, bar diagrams, pie charts, line graphs etc. Quick observation and analytical ability will help you find solutions in this section.

Financial awareness: This part will have questions related to Indian financial system, banking system, different types of banks like structure of Indian economy, payment banks, financial and banking sector reforms, different financial institutions, role of Reserve Bank of India, various financial schemes promoted by government like Jan Dhan yojana etc.

General awareness: Everyone planning to appear in a competitive examination should have good general awareness. In IBPS examination, questions under this section can be from Current Affairs, History, Geography, Economy, Constitution, Awards, Environment, Art, Music, Technology famous personalities, etc.

English language: This section will test your knowledge of simple rules of English language. Questions may relate to English usage, comprehension, and matching words, fill in the blanks, identifying wrong part in a given sentence, synonyms, antonyms, vocabulary etc. It is not a test of English literature. Knowledge of basic grammar and comprehending ability are required to deal with this part.

Hindi language: Here the questions will relate to Hindi grammar, use of correct word in completing a sentence, finding mistakes in sentences, putting sentences in order to make a meaningful paragraph etc. Structure of paper for both Hindi and English languages will not be much different from each other.

Computer knowledge: Computing requires both hardware and software. You should prepare for questions related to both. For doing well in this section check into basics of hardware (computer parts) database, networking, internet, Microsoft windows usage, safety tools, various applications of computers etc. You might be using computers everyday which may be of help, still you need preparation to grow your computer knowledge.

Professional knowledge: Applicants for specialist positions need to have professional degree like MBA, LLB, CA etc. as the case may be. Generally this will be their most recent qualification. This should not result in overconfidence. Use this segment to improve your overall score. Conceptual understanding of topics covered under your area of specialization is going to be tested under this section. As an example questions for marketing specialization may relate to marketing functions, processes and planning, branding, market segmentation, research, services marketing etc.

For general awareness, computer and professional knowledge you've to make focused study and then attempt sample question papers. For English and Hindi languages any good book on General English and Samanya Hindi can be referred. Regarding sections on quantitative aptitude, reasoning and numerical ability, it will be better to go through solved examples with explanation and then practice on your own. This practice will make you well conversant with question patterns. Practice will also help you develop speed which is very important to be able to attempt all questions.

You may choose one or more of bank examination guides covering different sections of test with solved examples and questions for practice. You may also get separate workbooks for practice. Workbooks in electronic form are also available online. Your work experience in RRB may help you in getting lateral entry to public sector banks and other bigger financial institutions.

 

Source: Government publication


Notifications

Last Date of Application : 26/11/2018

Notification Description : IBPS SPECIALIST OFFICERS 2018 The online examination (Preliminary and Main) for the next Common Recruitment Process (CRP) for selection of personnel in Specialist Officers’ cadre posts listed.....

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Last Date of Application : 22/11/2018

Notification Description : Applications from the Indian citizens are invited for the post of Assistant Manager of The Bihar State Cooperative Bank Ltd. and District Central Cooperative Banks of Bihar. Eligible candidates w.....

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Last Date of Application : 22/11/2018

Notification Description : Applications from the Indian citizens are invited for the post of Assistant Manager of The Bihar State Cooperative Bank Ltd. and District Central Cooperative Banks of Bihar. Eligible candidates w.....

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Last Date of Application : 13/11/2018

Notification Description : Canara Bank RECRUITMENT OF PROBATIONARY OFFICERS IN JUNIOR MANAGEMENT GRADE SCALE-I ON SUCCESSFUL COMPLETION OF SPECIALLY DESIGNED POST GRADUATE DIPLOMA IN BANKING & FINANCE (PGDBF) COURSE.....

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Packages

IBPS PO Prelims Mock Test II

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Rs. 450.00

  • Duration - 120 DAYS
  • Total Tests - 20

IBPS PO Prelims Mock Test

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  • Duration - 10 DAYS
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IBPS PO Prelims Mock Test I

Rs. 400.00

Rs. 250.00

  • Duration - 60 DAYS
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IBPS PO Mains Mock Test I

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IBPS PO Mains Mock Test

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Rs. 30.00

  • Duration - 10 DAYS
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IBPS PO Mains Mock Test II

Rs. 600.00

Rs. 450.00

  • Duration - 120 DAYS
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SBI Clerk Prelims Mock Test II

Rs. 600.00

Rs. 450.00

  • Duration - 120 DAYS
  • Total Tests - 20

SBI Clerk Prelims Mock Test

Rs. 50.00

Rs. 30.00

  • Duration - 10 DAYS
  • Total Tests - 1

SBI Clerk Prelims Mock Test I

Rs. 400.00

Rs. 250.00

  • Duration - 60 DAYS
  • Total Tests - 10

SBI Clerk Mains Mock Test

Rs. 50.00

Rs. 30.00

  • Duration - 10 DAYS
  • Total Tests - 1

SBI Clerk Mains Mock Test I

Rs. 400.00

Rs. 250.00

  • Duration - 60 DAYS
  • Total Tests - 10

SBI Clerk Mains Mock Test II

Rs. 600.00

Rs. 450.00

  • Duration - 120 DAYS
  • Total Tests - 20

RBI Assistant Prelims Mock Test

Rs. 50.00

Rs. 30.00

  • Duration - 10 DAYS
  • Total Tests - 1

RBI Assistant Prelims Mock Test I

Rs. 400.00

Rs. 250.00

  • Duration - 60 DAYS
  • Total Tests - 10

RBI Assistant Prelims Mock Test II

Rs. 600.00

Rs. 450.00

  • Duration - 120 DAYS
  • Total Tests - 20

RBI Assistant Mains Mock Test

Rs. 50.00

Rs. 30.00

  • Duration - 10 DAYS
  • Total Tests - 1

RBI Assistant Mains Mock Test I

Rs. 400.00

Rs. 250.00

  • Duration - 60 DAYS
  • Total Tests - 10

RBI Assistant Mains Mock Test II

Rs. 600.00

Rs. 450.00

  • Duration - 120 DAYS
  • Total Tests - 20

IBPS Clerk Prelims Mock Test

Rs. 50.00

Rs. 30.00

  • Duration - 10 DAYS
  • Total Tests - 1

IBPS Clerk Prelims Mock Test I

Rs. 400.00

Rs. 250.00

  • Duration - 60 DAYS
  • Total Tests - 10

IBPS Clerk Prelims Mock Test II

Rs. 600.00

Rs. 450.00

  • Duration - 120 DAYS
  • Total Tests - 20

IBPS Clerk Mains Mock Test

Rs. 50.00

Rs. 30.00

  • Duration - 10 DAYS
  • Total Tests - 1

IBPS Clerk Mains Mock Test I

Rs. 400.00

Rs. 250.00

  • Duration - 60 DAYS
  • Total Tests - 10

IBPS Clerk Mains Mock Test II

Rs. 600.00

Rs. 450.00

  • Duration - 120 DAYS
  • Total Tests - 20

SBI PO Mains Mock Test

Rs. 50.00

Rs. 30.00

  • Duration - 10 DAYS
  • Total Tests - 1

SBI PO Mains Mock Test II

Rs. 600.00

Rs. 450.00

  • Duration - 120 DAYS
  • Total Tests - 20

SBI PO Mains Mock Test I

Rs. 400.00

Rs. 250.00

  • Duration - 60 DAYS
  • Total Tests - 10

SBI PO Prelims Mock Test

Rs. 50.00

Rs. 30.00

  • Duration - 10 DAYS
  • Total Tests - 1

SBI PO Prelims Mock Test II

Rs. 600.00

Rs. 450.00

  • Duration - 120 DAYS
  • Total Tests - 20

SBI PO Prelims Mock Test I

Rs. 400.00

Rs. 250.00

  • Duration - 60 DAYS
  • Total Tests - 10