There are three categories in financial sector that is Banking, Insurance companies and Non-Banking Financial companies. Out of the three, bank is the greatest recruiter and is the most stable job. There are five types of banks:
- Public Sector Banks
- Private Sector Banks
- Foreign Banks
- Regional Rural Banks
- Co-operative banks
The recruitment process for all these banks is different like private sector banks conduct their own test, whereas public sector banks recruit through common written exam (CWE) conducted by IBPS (Institute of Banking Personal Selection). The marks scored are used to shortlist candidates for different posts like Probationary Officers, Clerks and Specialist Officers. Recruitment for regional rural banks is also done by IBPS but through a different exam.
Every year the number of applicants for the exam is increasing exponentially, so the competition is getting tougher. People are now looking for best books for IBPS PO exam or joining coaching centres so as to crack the exam with high score.
There are many who are unable to join any coaching institute either due to heavy fees or unavailability of these institutes nearby or may be shortage of time. For those, Prozo is a great boon. Here, they can buy such coaching material at discounted prices without paying heavy coaching institute fees.