Banking in India is a system which is in practice from ancient times that our ancestors created to protect our wealth and for trading purposes.But in last 100 years, the banking sector has changed and improved a lot, Each person will be given a unique Account number to maintain their banking Account. The account holder can Access their Account from all over the world with the help of the branches if present.Credit and Debit are the two methods of using the Banks, if a person is using his deposited money then it can be called as Debit (which is most common), But if a person is borrowing money from the bank and then paying back with interest for the borrowed money then we can assume it as credit(which is the developing trend).
With the development of technology, Online Banking was created to make people comfortable in using banks. Using online banking a person can access his account and money through the internet which is very easy to use and now India is moving towards digitalization so everyone is showing interest in online banking.
There are 151 commercial banks in India (as of 2013) and they have 109,811 branches throughout India. In 2017 major government banks are merged to form a larger banking entity. There are a lot of Government banks in India which services the people. The recruitment process for government banks is handled by IBPS ( Institute of Banking Personnel). High competition exists for Banking Jobs. Banking sector provides government jobs in Chennai.
A candidate must have a lot of general knowledge and technical skills which help them to get placed in banks and the exams are made online.
There are 21 public sector banks in Chennai which offer their services to people. so getting placed in government jobs in Chennai is possible if the candidate has the required knowledge and job portals like govtkb share the latest job updates for free where the people can be benefited.