has become one of the most challenging sectors in the country. It is a well-paid, secure and satisfying career prospect.
Openings are available in banks at various levels, from Bank Clerical to Probationary Officers (PO). Often it is perceived
as a career option for commerce/economics students, but in reality, a majority of bank officers are from different streams
of education. Bright graduates from any subject can get entry in the Public Sector Banks through an All India Examination
conducted by them. The exam is a stepping-stone for a career in the Banking Industry.
The Indian banking can be broadly
categorized into Nationalized (government owned), Private banks and Specialized banking institutions. The Reserve Bank
of India acts a centralized monitoring body in the Indian financial sector.
The Recruitment to Reserve Bank Officers
'Grade 'A'/'B' exam is conducted by Reserve Bank of India Service Board, Mumbai.
Syllabus for Paper I - English: Essay, Précis writing, Comprehension, Business/Office Correspondence.
Paper II - Economic and Social Issues: Growth and Development - Measurement of growth
: National Income and per capita income - Poverty Alleviation and Employment Generation in India - Sustainable Development
and Environmental issues.Economic Reforms in India - Industrial and Labour Policy - Monetary and Fiscal Policy - Privatisation
- Role of Economic Planning. Globalization - Opening up of the Indian Economy -Balance of Payments, Export-Import Policy -
International Economic Institutions - IMF and World Bank - WTO -Regional Economic Co-operation. Social Structure in India
- Multiculturalism - Demographic Trends - Urbanisation and Migration - Gender Issues - Social Justice : Positive Discrimination
in favour of the under privileged - Social Movements - Indian Political System - Human Development - Social Sectors in India,
Health and Education.
Paper III - Finance and Management: Finance :The Union Budget - Direct and Indirect taxes;
Non-tax sources of revenue; Outlays; New Measures; Financial Sector Reforms; Capital Market, Money Market and Foreign Exchange
Market; Stock Exchanges and their Regulation; Capital Market Intermediaries and their Regulation; Role of SEBI; Functions
of the Money Market; Growth and Operation of the Money Market; The Foreign Exchange Market; From FERA to FEMA; Exchange Rate
Management; Exchange Risk Management; Role of Banks and Financial Institutions in Economic Development; Regulation of Banks
and Financial Institutions; Disinvestment in Public Sector Units.
Management : Management: its nature
and scope; The Management Processes; Planning, Organisation, Staffing, Directing and Controlling; The Role of a Manager in
an Organisation. Leadership: The Tasks of a Leader; Leadership Styles; Leadership Theories; A successful Leader versus an
effective Leader. Human Resource Development: Concept of HRD; Goals of HRD; Performance appraisal - Potential appraisal and
development -Feedback and Performance Counselling - Career Planning - Training and Development - Rewards - Employee Welfare.
Motivation, Morale and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining Morale;
Role of Incentives in Building up Morale. Communication: Steps in the Communication Process; Communication Channels; Oral
versus Written Communication; Verbal versus non-verbal Communication; upward, downward and lateral Communication; Barriers
to Communication, Role of Information Technology. Corporate Governance: Factors affecting Corporate Governance; Mechanisms
of Corporate Governance.
Selection to the posts is done through
Written Examinations (WE) and Interview. Written exam will be held in two phases as under:
Phase I (Objective Type Test): This Paper is of 3 hours duration for 200 marks. The Paper consists tests
of i) General Awareness ii) English Language iii) Quantitative Aptitude and iv) Reasoning. Candidates have to secure minimum
marks separately for each test as prescribed by the Board.
II (Descriptive Type Test): The Phase II Examination will be conducted only for those candidates who are successful in
Phase I (Objective Type Test). The date and time-table will be intimated to the candidates concerned. The Examination will
consist of three Descriptive Type papers -
Paper I - English
II - Economic and Social Issues and
Paper III - Finance and Management.
Each of these papers is of 3 hours
duration carrying 100 marks.
Phase I (except the test of English)
and Papers II and III of Phase II will be set bilingually in Hindi and English. Phase I is Objective Type and only marking
the correct choice is required. However, Papers II and III of Phase II can be answered either in Hindi or English at the candidate's
A candidate has to qualify in each
of the Descriptive Papers separately. Candidates will be short-listed for interview based on the aggregate marks obtained
only in Phase II - Papers I, II and III. The minimum cut off marks for being short-listed will be decided by the Board in
relation to the number of vacancies. Candidates may answer the Interview either in Hindi or English at their option. Final
selection will be based on the performance of the candidate in Phase II of the Written exam and Interview.
Candidates belonging to General Category,
who had already appeared four times for Written Exam for post in the past, are not eligible to apply. No such
restriction to candidates belonging to SC/ST/OBC/PH.