KIT-VIT
(Kewal Institute Of Technical & Vocational Industrial Training)

केवल तकनीकी एवं औद्योगिक व्यवसायिक प्रशिक्षण संस्थान

(An Autonomous Institution Incorporated under the Legislation of Govt. of India for Vocational Training, Register under the department of Labour & Employment Govt. of H.P., Register Under the company act.1956, Ministry of Corporate Affair Govt. of India, UAM register under the Ministry of Micro-Small & Medium Enterprises Govt. of India.)
Banking and Finance

Banking and Finance


The country’s financial services sector consists of the capital markets, insurance sector and non-banking financial companies (NBFCs). India’s gross domestic savings (GDS) as a percentage of Gross Domestic Product (GDP) has remained above 30 per cent since 2004. It is projected that national savings in India will reach US$ 1,272 billion by 2019. Over 95 per cent of household savings in India are invested in bank deposits and only 5 per cent in other financial asset classes.
The asset management industry in India is among the fastest growing in the world. Corporate investors accounted for around 43.03 per cent of total AUM in India, while High Net worth Individuals (HNWI) and retail investors account for 29.65 per cent and 25.25 per cent, respectively. In the Asia-Pacific, India is among the top five countries in terms of HNWIs.
As per the Reserve Bank of India (RBI), India’s banking sector is sufficiently capitalized and well-regulated. The financial and economic conditions in the country are far superior to any other country in the world. Credit, market and liquidity risk studies suggest that Indian banks are generally resilient and have withstood the global downturn well.
Indian banking industry has recently witnessed the roll out of innovative banking models like payments and small finance banks. RBI’s new measures may go a long way in helping the restructuring of the domestic banking industry.
The digital payments system in India has evolved the most among 25 countries with India’s Immediate Payment Service (IMPS) being the only system at level 5 in the Faster Payments Innovation Index (FPII).

Market Size

The Indian banking system consists of 27 public sector banks, 26 private sector banks, 46 foreign banks, 56 regional rural banks, 1,574 urban cooperative banks and 93,913 rural cooperative banks, in addition to cooperative credit institutions. Public-sector banks control more than 70 per cent of the banking system assets, thereby leaving a comparatively smaller share for its private peers. Banks are also encouraging their customers to manage their finances using mobile phones.
As the Reserve Bank of India (RBI) allows more features such as unlimited fund transfers between wallets and bank accounts, mobile wallets are expected to become strong players in the financial ecosystem.
The unorganized retail sector in India has huge untapped potential for adopting digital mode of payments, as 63 per cent of the retailers are interested in using digital payments like mobile and card payments, as per a report by Centre for Digital Financial Inclusion (CDFI).

  • The Association of Mutual Funds in India (AMFI) is targeting nearly fivefold growth in assets under management (AUM) to Rs 95 lakh crore (US$ 1.47 trillion) and a more than three times growth in investor accounts to 130 million by 2025.
  • India's mobile wallet industry is estimated to grow at a Compound Annual Growth Rate (CAGR) of 150 per cent to reach US$ 4.4 billion by 2022 while mobile wallet transactions to touch Rs 32 trillion (USD $ 492.6 billion) by 2022.

Government Initiatives

  • The Ministry of Finance has launched the Operation Clean Money Portal, in an attempt to create a tax compliant society as well as a transparent tax administration.
  • The Government of India is likely to allow 100 per cent foreign direct investment (FDI) in cash and ATM management companies, since they are not required to comply with the Private Securities Agencies Regulations Act (PSARA).
  • Securities Exchange Board of India (SEBI) has permitted the security exchanges to launch options contracts in the commodity market, which would provide a new cost effective hedging tool to the farmers and others market participants. 
  • The Securities and Exchange Board of India (SEBI) has allowed exchanges in India to operate in equity and commodity segments simultaneously, starting from October 2018.
  • SEBI has relaxed norms for registered foreign portfolio investors (FPIs) in India, allowing them to operate through the International Financial Services Centre (IFSC) without undergoing any additional documentation or prior approval process.

Career Opportunities In Banking And Finance Sector

Finding a job in the accounting field is a smart decision. Accounting is a field that will always be in demand and it is a field that you can continue to grow and move up inside your company. There are so many different positions you can find in the Accounting field. Careers in accounting can range from entry level positions to executive level.
Accounting career information for each career path listed below can be found in full detail. Chose the accounting career you are most interested in; learn what it entails, what education you may need and the salary you can potentially earn.

Career Opportunities in Banking and Finance Industry
Banking and Finance
CAREER OPPORTUNITIES FOR BOTH-JOB SECTOR AND SELF-EMPLOYMENT SECTOR IN INDIA.

Why Choose Us?

Why Choose Us?

High quality courses - innovative digital learning designed with you in mind, whatever your learning style.
Affordable - free and affordable courses preparing you for work and exams.
Flexible - available anytime, anywhere, on multiple devices. Take your learning with you, to suit your lifestyle.
Relevant - achieve your career ambitions and goals. Get ahead with the skills that make you stand out.
Job Oriented - Enhance your skills with 100% Practical & job oriented courses.

What We Offer?

  • Online Books
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  • Interactive Contents
  • Online Student Profile
  • Online Training Videos
  • 100% supports assurance.
  • Mock Tests and Questions
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  • Govt. recognized Certificate.
  • 100% Job Placement Assistance
  • Learn 24/7 – Anywhere Anytime
  • Work Integrated Training Programs
  • Both Mode (Offline & online Programs)
  • Freedom to choose any Course or Competitive Test
  • Industrial Training with Scholarships in some selected Programs
What we offer

KIT-VIT CAREER ORIENTED COURSES

Sr. No. Course Name Duration Eligibility Add To Cart
1.) CBAE (Certified Business Accountant Executive ) 1-Year 12th
2.) DFA (Diploma in Financial Accountant) 1-Year 10th
3.) Tally ERP 9.0 3-Months 10th
4.) Marg ERP 9+ 3-Months 10th
5.) CGST (Certificate in Goods & Service Tax) 3-Months 10th
9-Month in Study-Center
3-Months Live Training
Next On Job With Good Salary

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