Banking sure is a lucrative career. Do you hope to make it big in this field? Well, you can easily realize your dream. But which banks in India are the best ones to grow with? Who are the best employers? Are Indian banks good places to work in? Don’t have answers to these questions? Read on. The Indian banking scenario Banking in India is still experiencing growing pains. Most of the sector is state owned. And it sure isn’t having a good time. Few private banks are born here, and fewer are shaking the earth. India’s largest bank, the State Bank of India, is miniscule in comparison to the gargantuan Citibank; a tenth, in fact, according to The Banker. The next biggest, ICICI, is half that size. Growth Just like the rest of India, this sector, too, is waking up. Giant strides have been made; banks have become savvier, more customer-friendly, phone-and-Internet accessible, and are touching more of your life than ever before. Huge, multinational private banks have arrived to keep the locals on their toes, and ensure management and banking practices are equal to the best. Promising career Indian banks will soon shake harder; they’re losing international business in terms of foreign acquisitions by Indian firms because their terms aren’t good enough yet. Now, and hereafter, Indian banks will be great places to work. Employee satisfaction is often subjective; unions have ensured, for example, that government banks offer you job security as a major advantage. So whom would you like to work for? Obviously banks that grow, adapt, offer you great experience and the chance to diversify. A bank that does well in the marketplace is also likely to do more to hold on to your talent. Which is the best? Surveys by agencies such as Business Today and Financial Express suggest that you would be better looked after by HDFC, ICICI, Corporation and Yes, followed by several state enterprises. Multinational banks like ABN-AMRO, Citibank, HSBC and Bank of America are right up there with them. Which banks would you like to work for? What are the parameters you would consider? How would you rate Indian banks against international banks as employers?
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