INDIAN BANKING SERVICE INDUSTRY DETAILS

The Indian banking industry has recently witnessedthe rollout of innovative banking models like payments and small finance banks. The Reserve Bank of India (RBI) has implemented new measures that will go a long way in restructuring and growth of the domestic banking industry.As of January 2021, the Indian banking system consists of 12 public sector banks, 22 private sector banks, 46 foreign banks, 56 regional rural banks, 1485 urban cooperative banks and 96,000 rural cooperative banks in addition to cooperative credit institutions (IBEF Report). There is a massive requirement for professionals with awareness and skillset in banking and financial services by banks and financial services companies. All economic indicators suggest that India’s banking sector is poised for robust growth as rapidly growing businesses will turn to banks for their credit needs. 

The Banking and Finance elective offers a powerful combination of the two most critical functions of business - Banking and Finance. While learners have a career opportunity in the fast-growing BFSI sector, this elective also opens up career options in IT & ITES, Consulting, FMCG and Manufacturing sectors as well. Specialized roles such as Accounts Manager, Chief Financial Officer, Risk Managers, Venture Capital Analyst, Credit Analysts, Trade Finance Executives, Business Analyst, Finance Manager, Cashier, Equity Research Analyst, Investment Banker, Corporate Analyst, Branch Managers, Investment Advisors, Financial Planners and Wealth Managers and so on are among the various positions that a learner can aspire to occupy based on the technical and functional expertise.