With the spurt in economic developments up for a new surge finance jobs in India are now offering good career options. Its interesting to note that most of these jobs are centred around the metro cities of Mumbai, Delhi and Bangalore hence the impact of such jobs is widely felt in these cities. One of the factors which have bolstered the growth of finance jobs in India is the establishment of many international banks. Jobs in Finance industry also offer wide career growth to ambitious individuals.
Impact of Recession On Indian Banks:
In spite of economic recession and fall of large banks Indian banks were in a much better position. During recession, the U.S. Federal Reserve allotted nearly $30 billion of credit to different central banks of the country, whereas India's banks were in a sound financial position and required no bail outs or any kind of recapitalization unlike their counterparts in US.Since India's economy is expected to grow at a rate of 7%, banking finance is bound to play a defining role in boosting the sluggish economy of the country. In this regard, mention needs to be made of the steps taken by India government to unfreeze liquidity by cutting interest rates, which led to the downfall of cash reserve ratio, and statutory liquidity ratio.
These steps by the Indian government helped in reducing unemployment rate in the country. Over the years, there has been some remarkable changes in general finance jobs as earlier there was a culture of taking M.Com's or CA's but today majority of the finance jobs in India recruit MBA students from top business schools. Furthermore, finance jobs in India also look for talented persons with good skills and experience.
Impact of Recession On Indian Banks:
In spite of economic recession and fall of large banks Indian banks were in a much better position. During recession, the U.S. Federal Reserve allotted nearly $30 billion of credit to different central banks of the country, whereas India's banks were in a sound financial position and required no bail outs or any kind of recapitalization unlike their counterparts in US.Since India's economy is expected to grow at a rate of 7%, banking finance is bound to play a defining role in boosting the sluggish economy of the country. In this regard, mention needs to be made of the steps taken by India government to unfreeze liquidity by cutting interest rates, which led to the downfall of cash reserve ratio, and statutory liquidity ratio.
These steps by the Indian government helped in reducing unemployment rate in the country. Over the years, there has been some remarkable changes in general finance jobs as earlier there was a culture of taking M.Com's or CA's but today majority of the finance jobs in India recruit MBA students from top business schools. Furthermore, finance jobs in India also look for talented persons with good skills and experience.
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