The banking sector is likely to create up to 20 lakh new jobs in the next five to 10 years, thanks to the new licences granted by the Reserve Bank of India, say experts.
The State Bank of India (SBI) is one of the most sought-after options — be it for clerical posts or for probationary officer posts. SBI has officially announced that it has received more than 17 lakh applications for filling 1,500 PO posts.
More than 36 lakh applications were received for the SBI clerical exam. This is the first time that SBI is conducting an online exam and students in their final year of graduation are eligible to appear.
The candidates will have to appear for the written exam, shortlisted students in the written exam have to appear in a group discussion and personal interview in order to be selected at the post of probationary officer.
The exam is in two phases. The first phase consists of objective tests for 200 marks and descriptive test for 50 marks. The objective test will be online. Immediately after the online objective test, the descriptive test will be administered. Candidates will have to answer descriptive test on paper/pen mode.
The objective test will be of two hours and will consist of four sections with 50 marks each.
a) Test of English language (grammar, vocabulary, comprehension etc.)
b) Test of general awareness, marketing and computers
c) Test of data analysis and interpretation
d) Test of reasoning (high level)
The candidates are required to qualify in each of the tests by securing passing marks, to be decided by the bank. The descriptive test of one hour duration (50 marks) will be a test of English language (comprehension, short precis, letter writing and essay).
The descriptive test paper of only those candidates will be evaluated who have scored qualifying marks in the objective tests and are placed high as per total marks in objective test.
The second phase of group discussion (20 marks) and interview (30 marks).
The aggregate marks of candidates qualifying in both the objective tests and descriptive test will be arranged in descending order in each category and the candidates in the order of merit will be called for group discussion and interview. The qualifying marks in group discussion and interview will be as decided by the bank. The candidates will have to qualify both the phases separately.
The author is product head, Bank PO, Triumphant Institute of Management Education, Delhi