It is widely known that recruitment of Probationary Officers, Clerical and Management Trainee posts will be recruited in public sector Banks through IBPS. But, most of the job aspirants do not know how the vacancies in private Banks filled up? What is the mode of recruitments in private banks? Let us see the details.
Tests will be conducted by the Institute of Banking Personnel Selection (IBPS) for Probationary Officer (PO) and Management Trainee (MT) jobs starting with Assistant Manager cadre and Clerical Written Examination (CWE) for Clerical cadres in public sector Banks. For jobs in SBI and its affiliated Banks, a test will be conducted by State Bank of India itself. Then, what to do to get a job in ICICI Bank, HDFC Bank, Axis Bank, HSBC Bank, Kotak Mahindra Bank, Yes Bank, Karur Vysya Bank and other private Banks. Details are given below.
As IBPS for public sector Banks, there are some private educational institutions and Universities which conducts courses and placements for private Banks. Each Bank has entered into an agreement with an institution for that purpose. The skills needed in banking operations will be taught and trained. Candidates, who underwent banking training in these Institutions, will be fully equipped to serve in the Banks. Some institutions are arranging internship in the private banks in some of the courses. Depending on the selection of the course, the course duration will range from 2 months to 2 years. Important among such Institutions, offering the courses is IFBI of NIIT, Manipal Academy and Times Pro. Details about the eligibility conditions, fees and the banks with which they have agreements are as follows:
Institute of Finance, Banking and Insurance (IFBI)
IFBI has agreements for special programmes with ICICI Bank, Axis Bank and Karur Vysya Bank. It offers Post Graduate Diploma in Banking Operations for ICICI Bank jobs, Post Graduate Diploma in Retail Banking for Axis Bank Jobs and Post Graduate Diploma in Branch Banking for Karur Vysya Bank Vacancies.
IFBI Eligibility Conditions: Graduation with 50% marks for Post Graduate Diploma in Banking Operations. Age should not exceed to 25 years.
Candidates for P.G Diploma in Banking Operations course will be selected through Aptitude Test. Course duration is 6 months.
Post Graduate Diploma in Retail Banking:
Graduates with 50% marks are eligible for this course. Candidates of Distance Mode of Education are not eligible. Age should be less than 24 years. Course duration is 4 months.
Post Graduate Diploma in Branch Banking:
UG / PG / B.E / B.Tech. with 50% marks are eligible. Candidates of Open University / Distance Mode of Education are not eligible. Age should be less than 26 years. Should be passed out the PO test of IBPS. Final selection for the course will be through IFBI interview and Karur Vysya Bank final interview. Course duration is 1 month.
On completion of the course, the candidate will be appointed as Assistant Manager - Scale 1 in Karur Vysya Bank. All inclusive, the monthly salary will be around Rs.40,000.
For more details these banking diplomas log on to the Website: www.ifbi.com
Times Pro has entered into MoU with HDFC Bank and conducting Modern Bankers Programme. For candidates in the other courses it is offering, it assures for arranging 3 guaranteed interviews with other private banks. It tells that it is conducting interviews for Axis Bank, HDFC Bank, Kotak Bank, ING Vysya Bank and Indus Ind Bank.
Course –wise qualifications and details of fees in Times Pro
Times Pro PGDBM (Banking and Finance Service):
Duration of this course is 6 months. There should not a gap of more than one year between the passing of Intermediate and joining Degree. Should have passed in the first attempt. Candidates of Distant Mode are not eligible. Age should be less than 26 years.
Times Pro PGDBM:
Should pass the Degree with 50% of marks with minimum 45% in Intermediate. Should not be there gap from Xth class to Degree ie., should pass in the first attempt. Age should be less than 26 years. Eligible even if there is a gap of one year between passing Intermediate and joining Degree. Distant mode of Education candidates are not eligible. Course duration is 6 months.
Times Pro Modern Banker Programme:
It is designed for jobs in HDFC Bank. It is essential to secure at least 50% marks in each of the examination from Xth class to Degree. Should pass in the first attempt. Distant mode of Education candidates are not eligible. Age should be less than 25 years. Course duration is 2 months. Selection will be through Times Pro and HDFC Bank interviews. Course Fee is Rs.44,944.
Times Pro PGDFA:
Commerce Graduates only are eligible. It is essential to secure at least 50% marks in each of the examinations right from Xth class to Degree. There should not be any gap at any stage. Candidates should be less than 26 years of age. Course duration is 6 months and course fee is Rs.85,000.
Times Pro PGDM (B & FS):
For this course, B School Test Score (CAT, MAT, AT) is essential. Alternatively, at least ICET score will be accepted. Should secure at least 50% in Degree and 45% in Tenth and Inter examinations. There should not be any academic gap between Tenth and Degree. Only those, who studied in the regular stream are eligible. Age should be less than 26 years. This course is being conducted with a MoU with Pillai HOC Institute of Management and Research. This course is recognized by AICTE. Course duration is 2 years. In the first year, one has to stay and learn in residential mode in the Pillai HOC Institute of Management and Research. In the second year, should attend the classes in the Bank. Total fee for the course is Rs.5,56,000 and loan facility is available for this amount.
Times Pro MBA (B & F):
Scoring 50% marks in Degree is essential. Age should be less than 26 years. There should not be any academic gap between Tenth and Degree. All examinations should be passed in the first attempt. Only those, who studied in the regular stream, are eligible. Course duration is 2 years. This course is being conducted with a MoU with K L University. Placement will be provided on completion of the first year. Admissions will be through Aptitude Test.
Before joining the above referred courses, candidates should know the full details, for which Counsellors will be available in the respective institutes. Information will be available in their websites. It is advisable to join the courses only after getting thoroughly satisfied with the information.
Bank of Baroda (Public Sector Bank) conducts PG Diploma in Banking course with the collaboration of Manipal Academy, for which it releases a notification every year. 300 candidates will be taken for a batch. Selection of candidates will be through written test and interview. Mode of test, eligibility conditions, and reservations will be similar to IBPS PO model. Selected candidates should study in Manipal Academy for a period of 9 months. During this period a monthly stipend of Rs.2500 will be paid. Later, the candidate should do Internship in BOB. During this period Rs.10000 per month will be paid. Candidates successfully completing the course will be absorbed in Bank of Baroda (BOB) as POs. Course fee is Rs.3,50,000. However, the candidate need not pay it; it will be deducted as EMI from the salary after the candidate joins the Bank. This amount will be refunded to those, who serve the Bank for 5 years.
For more details log on to http://www.bankofbaroda.co.in/Careers/AboutProgramme.asp
Andhra Bank also entered into similar agreement with Manipal Academy. For more details log on to http://www.employment-news-today.com/2012/12/manipal-university-banking-diploma.html.
ICICI Bank also entered into similar agreement with Manipal Academy. After completing the first year PGDB course, candidates can join as POs in the ICICI Bank.
For more details log on to http://www/ima.manipal.edu/index.aspx
Published by Sarkari Naukri Samachar