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By: Paras batra | Oct 6 2011 | 391 words | 2800 hits

"One of the most favored and desired possibility among the youth is the banking sector. This sector has undergone a terrific growth causing the overall development of the business and the Indian economy on a whole.

There had been a large expansion in this sector if we talk about the employment opportunities as such. The GDP growth of the nation is directly influenced by the banking sector. The activities undertaken by banking sector are relatively different and a lot of diversification is seen in their projects too. Nowadays, Banks also take care of the emerging trends and products coming up in the market. The products offered by the banks are also becoming customer centric. The needs, preferences, tastes of the customer are kept in mind while providing services and products to them. Thus, there has been a significant modification in the banking sector with the passage of time.

Not only this, most of the leading banks are hoisting their flags internationally showing their global existence. Many branches and subsidiaries are being opened up in foreign countries. More over a lot expansion has been experienced in the areas such as wealth management, credit cards, mutual funds, insurance, investment solutions etc.
Career Opportunities offered

Banking is emerging as the most preferred career option for both the youth as well as the experienced one. People from all the backgrounds can find their career in this field not only those from commerce or economic stream. The people with an experience can occupy the uppermost positions in the banking industry. Banking as a career provides both security and status and plays a very crucial role.

Indian professionals have discovered manifold growth opportunities in terms of their vocation in banks. They have climbed up the ladder of career path and moved on to superior scales in the banking industry because of the qualifications and the personality traits possessed by them. There has been a good expansion as far the industry is concerned. Many private fiscal lending institutions have also paved their way in the banking sector thus causing a transformation in the face of banking. Banks are gradually finding out a place in the rat race too. Due to the high competition that the banks are facing they are forced to improve their products. The banks have also launched credit cards, mutual funds and loan products including gold loan and forex activities.

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