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Some commercial banks adopt two routes for selection of officers for their banksIBPS - priliminaty examination; final examination and interviewPGDBF = Selection through examinations and interview /Training at Manipal/ Passing of an examination and getting entry into the bankIBPS route:Today as much as 20.00 lakh candidates are appearing for bank examinations and out of which hardly 10000 only are selected and the choice is one out of 2000. For this they have to make heavy study preparations more than the work they had done for their getting an engineering degree or any other degree.Rarely some candidate gets selected at the first attempt and some candidates get selected after ten or twelve attemptsOnce getting an entry into the banks, they do the following mistakes knowingly or unknowingly:They want to lead an easygoing life; however, banking is not just an easygoing job. Moreover it depends upon the place of posting and in some branches, there may not be much work load and in some branches the work load will be more. Moreover the workload differs according to certain seasons or requirements. Just think of the demonetisation period. The bank employees were put into heavy strain and stress and they were made to sit upto seven p.m. in the evening. An employee had to attend around 700 customers daily apart from verification of the currencies received and entering the correct details in the system. This rarely happens.Like any other organisation, banks also have certain handicaps. Predominantly, banks deal with deposit accounts, loan accounts and remittance facilities. This job can be done by a person who has VIII standard qualification with good English and communication ability. When I joined the bank during 1972, I had worked with seniors who had merely passed IX std examinations and they were better at the work than me in many aspects.Under the above circumstances, instead of comparing the knowledge gained over through engineering or other graduation with that of the work being done at the banks, will definitely demotivate the employees. Forget the past and it means, forget all your academic inputs and they have no value for the functioning in banks. Because many engineering graduates select the bank jobs on account of combating with unemployment issue and not by mere choice. A person who needs to be an entrepreneur may not be mentally suitable for some time to be an employee in an organisation.They even start thinking about dismal issues in a great way and this hampers the inside growth. In fact banking has a a lot of scope for learning.Let the following be practiced by the new entrants; Love your work and let it be even filling up the remittance challan for a customer and slowly you start liking the job and you will be happy that you had helped many innocent and ignorant customers to get their work done during the day.The new entrants should try to find out the avenues available in banking to enhance the knowledge level and since banking deals with economy, finance and other issues, each monetary issue has an impart with banking. There is no end destination when it comes to learning the different aspects of banking and this is the only way by which the employees of the bank can involve themselves in their work and start loving the job which will provide them immense pleasure in all walks of their lives. The option should be career growth and in this case, the individual preference should be predominant rather than the opinions received from peers and colleagues.PGDBF route:In this case, the candidate has to complete more than one year training programme, learn the subjects most relevant to banking, pass certain examinations before getting entry into the banksThe knowledge accumulation during this period provides them confidence, hope and courage to work better in the banks than the candidates who enter through the other routeHowever, this involves some price and it is in the form of course fees involving lakhs of rupees. Commercial banks provide educational loans for the candidates and the recoveries are effected from the salaries once they join the bank.The completion of PGDBF is considered equivalent to JAIIB examination which only the bank employees can write and complete. For the successful completion of JAIIB examination, the employees are rewarded monthly increment and the total increase in salary per month will not be less than rupees 2000 and for 360 months’ service, their earnings out of JAIIB will b rupees 720000.00 apart from interest for such component. As such the amount invested for completing PGDBF is well compensated in the long run.Conclusion:For bank employees who love their work in the banks, the job is found to be quite interesting and they find a lot scope for learning and learning.Keeping away certain petty issues like, non availability of leave at the right time, distance factor, non cooperation by the colleagues and superiors etc., the bank job is found to be definitely better than many other profession in the country in terms of comforts, monetary remuneration, job security and above all status amongst the society

Raghuram Rajan took over as the 23 Reserve Bank of India (RBI) governor, and he got a stellar reception.The position only often discussed in corporate boardrooms and on trading floors was suddenly a man of the masses.The media kept him on the spotlight, the women swooned over him, the stock market pundits looked at him as a messiah.The buildup was HUGE! And the 53-year-old Raghuram Rajan lived up to the hype.Raghuram Rajan 's lethal combination of superior performance plus charisma has made him the most famous central banker ever in India.His biggest achievement discussed thus far is how he managed to bring down the double-digit inflation in India in 2013 to below 6 % by 2016.Rajan went bullishly behind bad loans and opened up India 's banking sector.During his tenure, his smart analysis and matter-of-fact speeches made him popular among the masses.This is not typical for a central bank governor who is often only discussed in corporate boardrooms and on trading floors.Such is his appeal that Rajan 's announcement of not continuing for a second term evoked anguished editorials from across the country but none of that could change Rajan 's mind.he announced his last monetary policy review, keeping the interest rates unchanged.His term as the RBI governor ends on Sept. 04, after which he will return to the US to teach at the University of Chicago.The following is a comparison of his last monetary policy review with his first, which took place on September 20, 2013.It reminds us of how much India has changed under his term, and how Rajan continues to surprise and educate as one of the country 's sharpest minds.Who is Raghuram Govind Rajan?Raghuram Govind Rajan was born on 3 February, 1963 and grew up to become an economist.He is currently the Vice-Chairman of the Bank for International Settlements.He was the chief economist at the International Monetary Fund (IMF) from 2003 to 2007, the youngest person ever to occupy that position.He was a Distinguished Service Professor of Finance at the University of Chicago Booth School of Business from 1991 to 2013, when he came to India to take charge of the RBI Governor 's office.Rajan had warned about the growing risks in the financial system, and suggested policies to reduce these risks, at the Federal Reserve annual Jackson Hole conference in 2005.Following the 2008 economic crisis, Rajan's views came to be seen as perceptive.He was interviewed at length for Inside Job, an Oscar-winning documentary (2010).Rajan is the recipient of the inaugural Fischer Black Prize, given every two years by the American Finance Association to the financial economist who is younger than 40 and has made the most significant contribution to the theory and practice of finance.His book, Fault Lines: How Hidden Fractures Still Threaten the World Economy, won the Financial Times/Goldman Sachs Business Book of the Year award in 2010.In 2016, he featured in Time magazine 's list of the '100 Most Influential People in the World.He has won awards/recognition as one of the best central bank governors worldwide.Rajan graduated from the Indian Institute of Technology, Delhi in 1985.In 1987 he earned a Post Graduate Diploma in Business Administration from IIM Ahmedabad.He received a PhD for his thesis titled Essays on Banking in 1991. Raghuram Rajan was born in Bhopal, into a Tamil family.He is the third of four children of R Govindarajan, an Indian Police Service officer who topped his 1953 batch.Several of Rajan's opinion editorials are available at: Rajan-Project Syndicate Opinion EditorialsI THINK THIS IS ENOUGH….A straightforward yes is what former RBI governor Raghuram Rajan told a private news channel on being asked if he would return to India if his expertise was required for a strategy against the pandemic.Rajan, 57, who was the RBI governor for three years until September 2016, is currently working as a professor at the prestigious University of Chicago.In an interview to NDTV, Rajan said he would readily agree if he's asked to provide assistance in dealing with the economic stress caused by Covid-19, which has claimed over 200 lives in the country so far.Rajan is already part of a 11-member external advisory group set up by the IMF to provide perspectives from around the globe on key developments and policy issues, including responses to the exceptional challenges the world faces now from the rogue virus.Rajan said the world is "almost surely in a deep recession", adding that he expected to see a rebound next year."The first sign of difficulties in India is often seen in foreign exchange. So far compared to other emerging markets our exchange rate has stayed quite stable, presumably from some support of the RBI.I should say we have depreciated some against the dollar, but you know countries like Brazil have gone down 25 per cent. We haven't been in that situation," he said.Rajan has suggested to the Indian government to call people with proven expertise and capabilities, including from opposition parties, to deal with perhaps the greatest emergency being faced by the country since Independence following the outbreak.He also cautioned that driving everything from the Prime Minister's Office, with the same overworked people, may not be of much help. "There is much to do.The government should call on people with proven expertise and capabilities, of whom there are so many in India, to help it manage its response.It may even want to reach across the political aisle to draw in members of the opposition who have had experience in previous times of great stress like the global financial crisis.If, however, the government insists on driving everything from the Prime Minister's Office, with the same overworked people, it will do too little, too late," Rajan said in a blog titled "Perhaps India's Greatest Challenge in Recent Times"thank you……………………………………

Minimum qualification for Post Graduate Diploma in Banking & Finance is graduation in any stream with minimum 60% marks .For SC , ST and PWD 5% concession is allowed. PNB in association with Manipal Global Education offers this diploma in PNB Manipal School of Banking. Minimum Age for eligibility is 20 to 28 years. Candidates are required to take on line test followed by group discussion and interview. Selection is made on combined merit .Total fee is approx 3.5 lacs.Bank provide loan for this course. Nine months is for study and three month is training in some bank branch.After completion of course candidates are absorbed in bank as scale-1 officer. Candidate has to execute indemnity bond of three years at the time of admission. After promotion to scale -2 interest of loan is waived. On promotion to scale-3 loan amount is also waived. So getting admission in the course is best option to get sure job in banks.Apart from PNB other banks like SBI,IDBI,Bank of Baroda ,Andhra Bank, Syndicate Bank, IOB and Federal Bank have also tied up with Manipal university for this course.Qualification of MA in Economics will be helpful in GD and interview. Also on joining bank service it will be considered respectful qualification. You can also apply for post of Economist in banks which is in Officer grade.You can also appear in P.O. tests of banks. For this qualification is basic degree in any stream.But number of candidates who apply for PO exams is very large. For doing post graduate diploma in banking and finance number of candidates are less as people are not aware of it and by passing this diploma service is granted. Also fee paid is reimbursed by bank on joining bank service.