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Industry : Banking Functional Area : Business Policy
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Activity:  2 comments  153 views  last activity : 07 17 2011 02:44:27 +0000
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We all know about banking sector that banking industry is growing not only Govt. bank  but also private bank. Banks are introducing various innovative services on regular interval basis. In last 2 years almost many banks have introduced services like on line or net banking, e-bank, mobile bank, expansion of branches in domestic as well as global, expansion of ATM etc..as well as using advanced technology base services.

We have also came to know that some banks entered in TV ad like Dena bank, Kotak mahindra bank, Allahbad bank, Bank of India etc.

Important point:- As banks are recruiting also many candidates as Probationery officers, Clerk. Banks are taking high growth in recruitment part also. You will find the advertisement of various banks on half quarter or quarter regular basis that vacancy of "Probationery officers 200 ( Approx.) all over India , clerk 100 for GC-100, SC/ST-50 and Res. 50 like that.......

 

So on regular interval basis banks are giving advertisement for above mentioned post and thousands of candidates are applying for that post.

The procedure of recruiting:- Written test then Personal interview. Before some time there was also group discussion but now i have not heard yet. After written test then direct PI for short listed candidate.

 

Candidate are paying some fixed money (as per mentioned in advertisement by bank) for written exam and attend that exam. My point is that thousands of candidate are paying money for exam as compared to number of vacancies. Candidates are paying money or doing procedure for every bank.

Majority every banks are conducting written exam while recruiting. What are the income ratio from the "Exam FORM" every regular period.

Is it business purely towards candidate?

Are banks require every time 200 or 300 or 500 Probationery officers in various as simultaneously are they doing expansion. Suppose if banks are doing really expansion ,so we may believe that they have vacancy. 

If you will analyze in last year, you will find the ratio of number of exam high. The ratio of vacancies high etc.. And the other thing is that candidate is moving towards bank, they preferring the banking sector jobs..So banks knows very well the priority of candidates demand.

How banks are doing business? What exactly fact?

Share your view.... 

 
2 comments on "Candidate + Bank = Business"
  Commented by  Mohammad Bakhsh, Project Leader/Managing Consultant, Freelancer    | 07 17 2011 02:44:27 +0000
Thanks ,Virag for referral.I could understand your apprehension.Bank Exams are more  exercise in earning revenue than awarding offers.The process and procedure,as Mr Muralidharan spoke of is as per guide lines,but doubt arises when a large number of openings are advertised every now and then.I think,the recruitment should be centralized on pattern of UPSC and a panel sufficient to meet the demand prepared and kept ready.The requirement should be filled from this panel.It will help assuage the feelings of candidates. 
  Commented by  S. Muralidharan, Head, Project Planning/Strategy, Knowledge Foundation    | 07 15 2011 13:16:57 +0000
Mr. Virag, Thanks for referrals.  Nationalised Banks are supposed to follow the guidelines of BSRB (Banking Services Recruitment Board) and they have stipulated procedures to recruit clerks and Probationary Officers.  This system is in vogue for several decades now.  They wanted to entertain serious candidates only.  That is the reason why they ask the applicant to attach DD along with the application.  They conduct examination throughout the country in various centres.  They have to incur a lot of expenditure to filter the right candidates for the positions advertised.  SSC (Staff Selection Commission), UPSC (Union Public Service Commission) are also following the same principle for Government recruitment. One advantage in such types of selection is once the person is enrolled his and his dependent's social security is covered till life.  There is nothing wrong in this approach, as far as I could see.  There are emerging foreign banks and private banks whose enrollments are not on these lines, majority of such appointments are taking place out of referrals and through placement and recruiting agencies.  The number of private operators are more in India compared to Nationalised Banks.  People still have better chance to enter into the Banking industry without any problem! 
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