In a recent meeting between the Government of India, county’s top economists and the RBI, RBI stated that India is like that leaking ceiling that is repaired only when the roof drops. RBI also hinted that a revolution in the banking and finance sector is peaking since a time now and it’s about time one happens. With this, many questions arise.

Will banks be privatized?

What is the future of PSB banking in India then?

And lots more, this is Anubhav Kumar Das from The Frend and I’m here to help you students get a better view of things that’s gonna turn around.

Privatizing of PSB’s

After the 2015 stress regarding Indian economy court orders on coal and spectrum, NPAs of private banks are at 4.5% of their total loans while that of PSU banks are at 14 %. The worst private bank NPA ratio is 7.8 percent; the worst PSU bank NPA ratio is 25 percent. People like Nirav Modi, Vijay Mallya and many more have also contributed to degrade the Indian Economy system. Privatizing Public Sector Banks would be a big step and has ignited many heated discussions lately. Irrespective of its scale of changes, most of the economists and bankers are eager to take it.

In an interview with  CNBC-TV18, The Former Governor of RBI- Bimal Jalan said this, “Public sector banks are part of the government. So, there may be many problems in terms of execution, in the sense that the whole administrative structure in our country is multi-layered and so if you want to do something it requires a lot of permission and lots of movement of the files from one ministry to another ministry to somewhere else.

So, the main issue is in terms of public sector banks being as part of the government. Just as in terms of education or in terms of health or in terms of insurance, you want these services to be delivered. Not that public sector banks are not necessary, they are in my view an important instrument to outreach the people. You have private banks, they are very good and we are very proud of them but if you look at the outreach of the private sector banks, they would be much more limited than the outreach of the public sector banks. When we are talking about the public sector, take it in a larger context that we are talking about the delivery of banking services to the people.

So, supposing if you took a look at the public sector banks and you have a banking bureau, you don’t need the department of banking per se.”

Effects on Students

After the change when your coaching years won’t be of any use anymore? Here’s when Diploma courses make the cut. A year of studies gets you a lot of merits, far satisfying than coaching. More if it’s from an experienced and reputed institution like ICMI.

Visit the website at

  1. Diploma in Banking & Finance will impact banking and finance knowledge and skills together with technology-familiarity and customer-orientation.
    2. High-quality academic rigour and specially prepared courseware.
    3. Candidates undertaking the course will have comprehensive and up-to-date knowledge in the subject of banking and finance. The Diploma offers practical insights into the subjects while, at the same time, emphasizes robust theoretical foundation.
    4. The course will make the candidate’s job ready.
    5. The course is so designed that most employers would value it for talent scouting.
    6. This will ensure that banks can reduce their post-recruitment training intervention.
    7. The diploma carries professional recognition among the banking and finance community as it is equivalent to the banking industry recognized JAIIB qualification of IIBF.
    8. The certification is backed by a system of high professional standards of the Institute.

Other Merits

Passing out a Master’s degree may be easy but finding a job is as much difficult as it sounds. But ICMI has that covered too. With education, skills and certificate, they also provide you with the stage to expose yourself and bag the best jobs just for you. The list of potential recruiters is more than 100 and includes names like ICICI bank, SBI and RBI.  Posts that may be offered to you include Marketing Manager, Sales Representative, Sales Manager, Investment Banker, Risk Analyst, Loan Officer, Equity Research Analysis, and Asset Manager Etc.

According to a recent report published by the National Skill Development Corporation (NSDC), about 14 lakh people are likely to be employed in the banking industry by 2022. With a renewed focus on ‘financial inclusion’ and new banks on the anvil, the talent need for the sector will be higher than ever.

ICMI website states, “With the rising use of technology in banking services, recruiters are looking at a different set of skills that would help them scale their business keeping the cost low. Banking professionals are expected to possess these skills apart from the specific functional competencies. Given this, we are bound to witness huge re-skilling efforts amongst banks, especially in the public sector. Banks today need a ‘digital workforce’ to converge diverse platforms like mobile solutions, social media, biometrics, etc, to render seamless and highly customized banking services..”

Hence there are more than a million reasons to opt for a year of diploma course rather than taking coaching.

Comment below if you have any doubts and we’ll personally get back to you as soon as possible.


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