The banking sector in India is rapidly developing and are having 93 commercial and 27 public sector banks. Out of which there are 19 nationalized banks 6 are SBI and its associate banks and rest two are IDBI Bank and Bharatiya Mahila Bank (categorized as other Public Sector Banks).
Landing a job in a bank and getting placed in the Banking sector has been one of the most sought-after career streams for more than a decade now. Lakhs of aspirants appear for Bank Exams like IBPS PO, IBPS Clerk, IBPS RRB, SBI PO, RBI Grade, etc., to get placed in any of the reputed banks of the country every year. These bank exams are conducted at the national level.
Here are some advantages to banking exams that attract aspirants.
- Fast Recruitment Process without any delay. You can expect to join within 8-9 months from notification.
- Transparent exam process
- Fast career growth
Three Types of Bank Exams
Generally, Bank exams are of three types
- Exams conducted by IBPS (Institute of Banking Personnel Selection) for the selection of PO/Management trainee/clerk/SO in public sector banks (other than SBI) and officers and office assistants in Regional Rural Banks (RRB)
- Exams conducted by SBI for the post of Clerks and Officers
- Recruitment by Private Banks and PSBs
There are as many as 22 major bank exams in the country. Here is the list of the most popular bank exams that attract the highest number of aspirants right now.
10 Best Banking Exams in 2023
The table below includes information on the top 10 bank tests scheduled for 2023
Bank Exams | |
SBI PO | SBI SO |
SBI CLERK | IBPS CLERK |
IBPS PO | IBPS SO |
IBPS RRB | RBI GRADE B |
RBI ASSISTANT | NABARD |
1. SBI PO
Objective-type questions, like multiple-choice questions (MCQs), are included in the SBI PO Prelims and Mains tests. The following portions are identical in both the Preliminary and the Main Exam; however, the Main Exam’s difficulty level is greater. The sections are
- Reasoning Ability (Main + Preliminary)
- Quantitative aptitude (main + preliminary),
- Preliminary and main exams in English
- Banking, economics, and general knowledge (Mains).
Job Title: The general banking or banking administration roles include most SBI PO positions.
2. SBI CLERK
Objective-type questions, like multiple-choice questions (MCQs), are present in both the SBI Clerk Prelims and Mains exams. The following portions are the same in the Preliminary and Main Exams; however, the Main Exam’s difficulty level is higher. The sections are
- Reasoning Ability (Main + Preliminary)
- Quantitative aptitude (main + preliminary),
- Preliminary and main exams in English
- Financial and General Awareness (Mains).
Job Title: Direct client interaction and data entry are also part of the SBI Clerk job profile.
3. IBPS PO
The IBPS PO Preliminary and Main examinations share the following parts. The IBPS PO exam’s second phase alone has a tougher difficulty level. The sections are
- Reasoning Ability (Main + Preliminary)
- Quantitative aptitude (main + preliminary),
- Preliminary and main exams in English
- Banking, economics, general knowledge (Mains)
- English language (Letter writing & Essay).
Job Title: General banking, bank administration, clerical work supervision, and efforts to boost bank business are all part of the IBPS PO job description.
4. IBPS CLERK
The following parts are shared by the IBPS Clerk Preliminary and Main examinations. The IBPS Clerk exam’s second phase simply has a tougher difficulty level. The sections are
- Reasoning Ability (Main + Preliminary)
- Quantitative aptitude (main + preliminary)
- Preliminary and main exams in English
- Banking, economics, and general knowledge (Mains)
- English language (Letter writing & Essay).
Job Title: Direct data entry work and direct client contact are both parts of the IBPS Clerk job description.
5. IBPS RRB
The following parts are shared by the IBPS RRB Clerk Preliminary and Main examinations. The IBPS RRB Clerk exam’s second phase simply has a tougher difficulty level. The sections are
- Reasoning Ability (Main + Preliminary)
- Quantitative aptitude (main + preliminary)
- English in only main exams
- Banking, economics, and general knowledge (Mains)
- Computer Skills (Mains)
Job Title: Direct data entry work and direct client contact are both parts of the IBPS Clerk job profile.
6. RBI ASSISTANT
To fill clerical and assistant cadre roles, which are in charge of managing the bank’s day-to-day operations, RBI administers the RBI Office Assistant bank examination.
Exam Pattern for RBI Office Assistant: The RBI Office Assistant exam pattern is divided into two stages.
- Phase 1: Preliminary Examination
- Phase 2: Mains Exam
Job Title: The job profile at RBI is more of an operational one dealing with data entry work.
7. RBI GRADE B OFFICER
To hire applicants for officer-level positions, the RBI conducts bank examinations.
RBI Grade B Examination Format: There are three phases to this exam:
- Phase 1: Preliminary Exam (General Knowledge, English Language Proficiency, Quantitative Aptitude, and Reasoning Ability).
- Phase 2: Mains Exam (Finance & Management/Economics/Statistics + English Language + Economic and Social Issues)
- Stage 3: Individual Interview (General Awareness and Interpersonal Skills)
Job Profile: The Reserve Bank of India’s management position is an entry-level role.
8. NABARD
Exam Pattern for NABARD Grade A and B Officers: There are three stages to the examination:
- Phase 1 and 2: Computer-based examination(Online)
- Stage 3: Individual Interview
Job Title: Grades A and B are for managing positions and assistant manager positions, respectively.
The job title and the daily activities of rural and agricultural development in rural or suburban regions are connected.
Bank Exams 2023 Tentative Schedule
The following table contains details regarding the upcoming bank exams in 2023 (planned schedule)
Name of the Examination | Starting Date to Apply | Last Date to Apply | Preliminary Examination Date |
IBPS CLERK CWE | 3rd week of August 2023 | 4th week of September, 2023 | December 2023 |
IBPS PO | 1st week of August 2023 | 3ed week of August 2023 | October 2023 |
IBPS RRB Clerk | July 2023 | July 2023 | August 2023 |
SBI SPECIALIST OFFICER | September 2023 | October 2023 | To be announced |
SBI PO | April 2023 | May 2023 | To be announced |
SBI CLERK | April 2023 | May 2023 | To be announced |
RBI ASSISTANT | January 2023 (Expected) | February 2023 (Expected) | To be notified |
Tips to Crack Bank Exams 2023
- Take advantage of the online resources and study materials: Candidates can access thousands of educational resources on the internet. They should make use of the available online study resources and competitive bank exam books. Several websites are dedicated to preparing for competitive exams, and candidates can download the study materials available on those websites. Additionally, reading the daily newspaper can help improve verbal skills for candidates, in addition to covering the general awareness section.
- Solve previous year’s papers and mock papers: In order to score high in any bank exam, you must practice mock tests and previous year’s question papers. Hence, strive to improve your preparation level by taking mock tests for IBPS, SBI and RBI. The mock tests will help candidates gain confidence in their bank exam preparations, as well as give them a sense of their stronghold areas.
- Revise and practice as much as possible: Whenever you feel your preparations are complete, revise thoroughly. Stay focused and work hard on each section. Another important thing to remember is to practice as much as you can. Practicing more will help you get better at answering the questions. When taking a mock test, you can set a specific time for answering the questions. By managing your time correctly, you will be able to answer as many questions as possible during the exam.
Key Takeaways:
In addition to the preparation tips, the aspirants must regularly read newspapers and magazines about politics and the Indian economy. A well understanding and knowledge of current affairs and general awareness are very important when appearing for banking examinations. Start your preparation as early as possible, follow a schedule and focus on your weaknesses. Finally, take good care of your health, try not to fall sick before your examination, eat healthily and do not stress yourself much.
Best Bank Exams in India FAQs
Q. In 2023, will there be bank exams?
Ans. There will be bank exams in 2023 for IBPS RRB, IBPS Clerk, IBPS PO, IBPS SO, SBI Clerk, SBI PO, RBI Assistant, and RBI Grade B.
Q. In 2023, will there be bank exams?
Ans. There will be bank exams in 2023 for IBPS RRB, IBPS Clerk, IBPS PO, IBPS SO, SBI Clerk, SBI PO, RBI Assistant, and RBI Grade B.
Q. In 2023, will there be bank exams?
Ans. There will be bank exams in 2023 for IBPS RRB, IBPS Clerk, IBPS PO, IBPS SO, SBI Clerk, SBI PO, RBI Assistant, and RBI Grade B.
Q. Is RBI Grade B difficult?
Ans: RBI Grade B is well known as one of India's most difficult exams. It's not impossible, which is good news. Despite the strong competition, you may effectively pass this exam with the correct competitive exam preparation.
Q. Is a Bank PO a permanent position?
Ans: SBI PO salaries begin at Rs. 41,960 (base pay), and there are a total of four raises after that.
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