Pros
Good salary and benefits: Public sector banks offer competitive salaries and benefits to their employees. Job security: Public sector banks are government-owned, which means job security is high compared to private banks. Growth opportunities: Public sector banks offer good growth opportunities, and one can move up the ranks by taking up promotional exams. In all banks there is a system of fast track promotions. Work exposure: Banks are professionaly managed, there is good work exposure and there are job rotation such as operations, credit, forex, treasury, risk management etc.
Cons
Staff shortageHierarchy: Public sector banks have a hierarchy, and promotion depends on seniority. Work pressure: Public sector banks can have work pressure due to the business targets. Banks are listed companies and have to deliver strong finacial results at the same time public sector banks have to give loans as per government schemes that increases NPA. Bureaucracy: Public sector banks are government-owned, which means there can be bureaucracy in the decision-making process. You will have to do many things as that is the agenda of the government. Decision making is slow as compared to the private sector. Transfers: Banks officers get transferred every 3–4 years. This also provides opportunity to live at different places but most of the people find these transferes painful