Most MNC banks / global financial institutions are moving with caution due to slow down in the global eceonomy as a result of which the hiring process  might slow down globally and its repercussions might be felt in India also.Many experts feel more difficult months ahead as Merrill Lynch said it will cut 3000 more jobs.Though the US is believed to be slipping into recession but there are pockets of acceleration in the global economy.The India growth story remains intact and the banking sector on the whole is witnessing aggressive growth here.

The Monetary Authority of Singapore has granted State Bank of India (SBI) in-principle approval to offer full service banking including setting up of ATMs and to open up to 25 outlets in Singapore. This makes SBI the first Indian bank to get a (QFB)-qualifying full bank status in Singapore and offer retail services in Singapore. The RBI in turn has granted licences to 2 Singapore banks, DBS & UOB-United Overseas Bank

The Institute of Chartered Accountants of India, The Institute of company Secretaries and the Institute of Cost and Works Accountants of India are working out an arrangement to form MDP – multidisciplinary partnership. MDP as the name suggests, would bring the opportunity to form multi disciplinary majors in areas like management consultancy, financial management, financial restructuring, valuation, working capital management etc. The bill for the formation of LLPs-Limited Liability Partnerships  is likely to be cleared in the budget session of the parliament thus enabling professionals from different sectors to set up partnerships among themselves

ICAI's dialogue with Australia, Singapore and UK counter parts for mutual recognition of each others course has reached an advanced stage and the Institute is on the verge of signing agreements. Mutual recognition would help Indian CAs to work and practice without appearing for separate exams, however a few examination papers covering the corporate law may have to be cleared- this will help aspiring CAs to familiarize with corporate laws of the respective countries.....

In the year 2007, the services sector including finance, banking, retail,hospitality, biotech etc. gave stiif competition to the IT and ITES sectors by becoming major employers of talent.The IT sector was dominating the recruitment scene for over a decade. With appreciating value of the rupee, experts believe that this trend will continue in 2008.

In the year 2007, the services sector including finance, banking, retail,hospitality, biotech etc. gave stiif competition to the IT and ITES sectors by becoming major employers of talent.The IT sector was dominating the recruitment scene for over a decade. With appreciating value of the rupee, experts believe that this trend will continue in 2008

Internship programme of the Department of Economic Affairs for -Students possessing first class graduation degree pursuing Post Graduation/high second class post-graduation degree(with at least 55% marks) pursuing Research courses in Economics/ Finance/ Management at National Schools ofEconomics/Central Universities/Recognized Financial/Economic Institutions/Recognized NationalManagement Institutes can apply for internship. Students with at least 80% marks in 12th Standard pursuing five year integrated course in Law (only in fourth and fifth year of study) from the National Law Schools at Bangalore, Bhopal,Hyderabad and Kolkata are also eligible.Duration of internship will be two months at different points of time during a year (other than December to February).Token remuneration @ Rs.5,000/- per month per intern,payable at the end of the internship.Interns will be provided with the necessary logistics support,i.e., office space and computer with internet facility.Certificates will be issued to the interns at the end of their internships on submission of their Report/Paper.The interested and eligible students to send theirapplications, along with their CVs, in the enclosed prescribed format to Joint Secretary (Administration), Department ofEconomic Affairs, North Block, New Delhi at least two and half months in advance (latest by 15th January of the year of
Internship). Visit- http://finmin.nic.in/the_ministry/dept_eco_affairs/notifications/circular_internship_dea.pdf

The Swiss Investment bank UBS is set to double its investment banking staff in India.It is also awaiting regulatory approval to start operations in high-end retail banking, fixed income, & wealth management services in India,according to Manisha Girotra, managing director and chairperson for UBS

Fullerton India Credit Company  a wholly owned subsidiary of Fullerton Financial Holdings, Singapore , though started its India operations recently has 500 branches  across India making it the largest across India in the NBFC segment.
Fullerton also plans to double its branches by next year by entering rural and semi urban India

Management consultants Mckinsey Company has prepared a special report after surveying 14 leading Indian (public, private and foreign) banks. The report stated that the Indian banking industry has developed strengths in technology and distribution but is behind in market capitalization compared to global banks.The key challenge for Indian banks is the Manpower challenge,  the report predicted that to make Indian banks more accessible to the general masses including the poor would alone need about 500,000 managers

Campus placements in ICAI for Chartered Accountants saw companies from different sectors participating- including banks, financial institutions, IT, telecom, engineering , FMCG etc. International companies also particiapted offering the highest package of Rs.12 lakhs for international posing. Average salary offered was around Rs.6 lakhs per annum

Religare Commodities Limited, a subsidiary of Religare Enterprise limited offers excellent career opportunities for graduates/Post graduates.  Eligible candidates will be screened in a group discussion and a personal interview.  Selected candidates will have to undergo a twelve day certification program in Commodity Derivatives market offered by MCX Center of Academia – consultancy and training.  Course commencement – November 26, 2007.   On successful completion of the course, a candidate is eligible for an employment opportunity with Religare .  Last date for submission of application forms – 17/11/ 2007.  Religare Commodities Limited, 25 Ghanshayam Building, Ground Floor, Nehru Place, New Delhi -110019. Tel: 011-30814328. Email: aart.duggal@religare.in

Insurance outscoring business would add over one lakh jobs in India by 2010. Capitalizing on its low cost advantage and its existing strength on the IT sector India has emerged as a net gainer with the country likely to generate 2 billion dollar revenue and over one lakh jobs through insurance outsourcing business by 2010, as per a KPMG report.

Public sector banks are facing acute staff shortages and they are planning to hire close to 5,000 employees over the next few months. Among them SBI- India's largest bank is looking to hire over 2,700 employees for its various associate banks. Most PSU banks are now looking for candidates with good written and verbal English

The offshore business process outsourcings to India specially in the financial services sector  is set to grow further. As companies globally become more cost conscious as a result of shrinking margins, more and more processes will be outsourced and India is likely to become a major beneficiary. As the process matures more high end process like analytics will move to India

Commodity trading has multiplied by 28 times in just three years in India and this sector is now facing an acute shortage of skilled manpower. The industry feels that there will even more substantial growth in the future opening a vast new job market for those wanting to make a career in commodities.