Job opportunities in Banks have improved. Year after year, the number of competing candidates for bank jobs has been increasing. In the recent times, Banks have been relaxing their appointment procedures; they are following the second type in their appointment procedures – the main idea is to encourage candidates opting for the Special Training Courses. Even though, this is criticized as a mode of commercialization, yet the competing candidates are whole heartedly supporting it. Competition for getting bank jobs in India through this mode is increasing.
Appointments of this type are vogue in banking sector right from the year 2013. Since the candidates do not have the needed awareness, it has made some impact in the competition. However, it is clear that the candidates feel that the competition may increase in 2014. Candidates competing for IBPS are tightening their belts for this. Candidates with lesser degree of grasping the subjects are actually getting benefit with these Special Courses and due this reasons, while candidates are directly competing for the bank jobs, are simultaneously showing interest to join these banking diploma courses.
High-level bank jobs with qualifications …
Candidates say that banking diploma courses are designed in tune with the jobs. Last year advertisements were released for such training courses for the posts of PO and Assistant Manager. Indications are there that such ads may come soon. Candidates selected directly through job notifications should undergo the ‘Probationary’ period and training is the main item in it. Banking sector is stating that the Special Training courses are designed to equip the candidates with the needed skills right from the beginning of their service.
What are the required qualifications for bank job oriented courses?
Degree, P.G, MBA OR C.A.
Duration of the courses: Opportunity for appointment is given as PO to those, who hold a Post Graduate Diploma in Banking Finance. Course duration depends on the actual operations of the Bank. It will be between 1 and 2 years. Fees vary with the Bank.
Banks implementing the courses are IDBI, Indian Overseas Bank, Bank of Baroda, Federal Bank, Andhra Bank, Axis Bank, ICICI Bank and from this year onwards, it is likely that SIDBI and SBI may follow this path.
Mode of selection and conditions …
* Selection will be based on written test.
* Test will be as in IBPS method, but the degree of toughness will be less.
* Test will have to be taken up on-line.
* Loan will be granted by the respective Banks to cover the Course fee. It will be between Rs.2 lakhs to Rs. 4 lakhs.
* Those, who successfully complete the course, will be offered appointment. Fee loan instalment will be deducted from the candidate’s salary, for which an undertaking will be obtained from the candidates. Candidates say that this recovered amount will be reimbursed after 5 years.
Competition is escalating for the Banking jobs. Every year more than 10000 candidates are recruited for Clerical and PO posts. Nearly 20 to 30 thousand people are appearing for the examinations. Training Institutes confirm that since Engineering Graduates are competing for these posts, the intensity of competition has intensified. The fact that 80% of the candidates are Engineering Graduates supports their statement. 50% of the candidates prefer to get enrolment for these Special Courses and currently, it will be as in the case of IBPS mode.
Article published by Sarkari Naukri Samachar