Banking Sector become the preferred choice of many job aspirants

A boy, 25, always wanted to join the banking sector. An alumnus of Xavier Institute of Management and Entrepreneurship (XIME), Bangalore, he made up his mind to do so immediately after his summer internship with a company in the banking, financial services and insurance (BFSI) sector. 
Despite better paid job offers from a multinational bank and a consultancy firm, Priyadarshi chose the public sector Bank of Baroda (BoB) because he wanted job security and the facilities provided by such banks. 
He joined BoB in Ahmedabad as a Human Resource (HR) officer this September. "Indian banks have immense potential," says Priyadarshi. "Because of their global outreach and size, they are exciting to work for. 
They provide excellent working conditions and learning opportunities, attractive compensation packages, friendly work environment, online learning and more." He hopes BoB will post him overseas in places where it has a presence, such as Southeast Asia. 
Like Priyadarshi, many youngsters have lately been attracted to the banking sector. Banks have seen an addition of around 45,000 people every year for the last three years. 

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Best Experience shared by a Person after joining as a Clerk in PSU

Hello Guys...

The post is to share my experience as bank clerk in PSU bank specially to those who has selected as clerk but not as bank PO. Congrats to all who are selected as Bank PO as well as Clerk in IBPS CWE IV. 

I joined as clerk through IBPS CWE  Clerk II in one of the  Public Sector Bank (Indian Bank) in June 2013. After training I got allotted in zonal office, for 3 months I was doing inward outward of letters, but then my engineering degree works my zonal manager posted in electronic data processing for server network implementation CTS 2010 implantation bio-metric implementation etc.major task of migration of server 2003 to server 2012 and many more.

In these task I nearally visited 30 branches in our zone and always helping hand for IT related problems for all problems.I got nice recommendation from everyone. My manager all ways suggested me to do JAIIB, Caiib diploma as soon as possible and get promoted as officer. But I was dreaming to be officer in topmost bank so never given JAIIB in my 19 months tenure. Given interview in PO III as well as PO IV but could not make to the final selection.

But at the same time my friends who joined as clerk with me concentrated on JAIIB & CAIIB cleared it and got promoted within 15 months from joining .

So what benefit they got ..

1. They became confirm employees as officer from first day of promotion ( No need to serve Probation period of 2 years as PO)

2. Got 4 increments ( 1 for JAIIB 2 for caiib n one for yearly increment )

Got all officer cadre benefits from first Day of promotion . 

3. Almost all retain in home state for posting.

Note: Only thing is that you have to prepare for promotion test as well.

In most of the PSU there's is fast track channel to became officer after clearing CAIIB or JAIIB ( if you are post graduate ). Work quality wise and salary wise officer in any organisation is better .

Now I joined as RBI assistant.

So do not loose hopes who do not get the selection in PO..

All the best to everyone ...

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Career Progression for officers in PSUs

Career Progression

There is a well defined career progression path in each public sector bank. Performance and potential are key elements which determine this career progression. Most senior officials in public sector banks started their career as clerk or scale I officer only. In tune with the time banks have reviewed their promotion policy and now for bright, hardworking and knowledgeable employees it takes less time to move to higher scales. In many banks a person who joined as an officer may reach to the position of Genera Manager in 14 years. After that one can aspire for the position of executive director or chairman of a bank. These are very high positions, nomination to which is decided by the Government and not by the individual banks.

Many public sector banks have a network of foreign branches. Thus joining a public sector bank gives you the opportunity of working abroad also. Transferability in a bank job provides you the chance of seeing different parts of the country.

To Conclude

Public sector banks may not offer fancy financial packages which multinational and few other companies offer. But the compensation in these banks with the recent wage revision and including perquisites is quite good. And there is an element of job security too. The housing and medical facilities are also considered attractive.

The expansion mode in which public sector banks in India are, is creating large number of opportunities for young people to choose banking as their career.

Career progression of Officers

Junior Management Grade – Scale I: Officer

Middle Management Grade – Scale II: Manager

Middle Management Grade – Scale III: Senior Manager

Senior Management Grade – Scale IV: Chief Manager

Senior Management Grade Scale V: Assistant General Manager

Top Management Grade Scale VI: Deputy General Manager

Top Management Grade Scale VII: General Manager

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