Employment News Today

by Unknown on Wednesday 19 November 2014

Employment News Today

Latest Bank’s Job Notifications and Online Applications (7500 Vacancies)

Posted: 18 Nov 2014 06:01 PM PST

List of Current Vacancies in Banks, IBPS Notifications, SBI Recruitments, RRBs Recruitments and RBI Recruitments

Bank jobs are the most sought after jobs in India. Because the facilities an employee in Bank gets is higher than any other job in any company or organisation. A bank employee is entitled with attractive remunerations, perquisites, with facilities like Mediclaim subsidies, LTC facility, liberal loans at subsidised rates of interest for construction of houses, for buying cars/ 2-wheeleers and multiple types of interest-free advances and substantial amount of Pension in case of public sector banks, with different types of leaves and being all white collar jobs.

Major Recruiters in Banking Industry are – Reserve Bank of India, State Bank of India and its subsidiaries, the rest of Nationalized Banks, IDBI Bank, Private Sector Bans, Co-operative Banks and Regional Rural Banks (http://www.rbi.org.in/scripts/AboutUsDisplay.aspx?pg=RegionalRuralBanks.htm).

List of Latest Bank Job Openings

Recruiting Bank

Vacancies

Last Date

Full Advt.

SBI Associate Banks

6425

9^th Dec

Notification

Repco Bank

115

27^th Nov

Notification

Syndicate bank

400

18th Nov

Notification

Karnataka Bank

----

7th Nov

Notification

Punjab Gramin Bank

265

15^th Sep

Notification

Deccan Gramin Bank

198

19^th Sep

Notification

SBI Associate Banks

2986

18^th Sep

Notification

REPCO Bank

---

6^th Sep

Notification

IBPS CWE-IV for Clerks

----

1^st Sep

Notification

IBPS CWE Clerks Preparation

--

--

Details

BRKGB

311

19^th Aug

Notification

RBI Assistants

506

6^th Aug

Notification

IBPS CWE-IV PO/MT

---

11^th Aug

Notification

Kerala Gramin Bank

683

11^th Aug

Notification

Banking recruitment agencies take up the recruitment process for filling up of vacancies in Banks. Reserve Bank of India and State Bank of India recruit their staff themselves. Institute of Banking and Personnel Selection (IBPS) is the recruiter for most of the public sector banks.

There are a good number of Private Bank Recruitment Agencies in India and to name a few – naukari.com, IBPS, MM Enterprises, Gmark Consultancy Services, Indiamart.com, Shella Consultants, Sahara Placement & Management Consultants, Metro Job Consultancy, Samadhan Consultants, Maxfort Recruitment, Yes HR Solutions, AMC Placement Services, Delhi Placement Bureau, Job Point, Future Placement Services, Bright Placement Services, Gazi Associates and HR Solutions. Except IBPS all the rest of the recruitment agencies conduct recruitments for private banks.

There are dozens of websites making available for free the information relating to the Banks, Bank Recruiters and the details of jobs they notified.

There are a number of Banking Positions, the nomenclature of these vacancies in banks change with each of the Banks. Broadly, Banking Positions consist of Class I, II, III & IV cadres.

Clerical Cadre / Office Assistants (Multi-Purpose)

The entry cadres are generally Clerk / Office Assistants with a pay scale of Rs.7200 - 19300, receiving a gross salary of Rs.17,500 PM at the entry point. Minimum qualification is Degree and the eligible age is between 20 to 28 years with 3 year relaxation to OBC and 5 years to SC/ ST.

Probationary Officers / Management Trainees

Probationary Officer with a pay scale of 14500 - 25700, receiving a gross salary of Rs.31128 PM at the entry point. Minimum qualification is Degree and the eligible age is between 20 to 30 years with 3 year relaxation to OBC and 5 years to SC/ ST/Ex-s.The central government employee's pay scales are about change after the 7^thpay commission implementation in 2016. So the salaries in banks also may change. For keeping updated with Seventh Pay Commission Latest News (http://www.7th-paycommission.com/2013/10/pay-structure.html) there are many 7th Pay Commission websites in the internet. You can relay on any 7th pay commission portal for Seventh Pay Commission Pay Scales.

Specialist Banking Officers

Banking Positions also include Specialist Officers in their HR, Admin, Finance, Legal, IT and Audit departments, fixing them in one of the following pay scales, depending upon the nature of duties. Age relaxations will be available depending on their qualifications and past experience.

JMGS-I - Rs.14,500/- TO Rs.31,500/-@
MMGS-II - Rs.19,400/- TO Rs.34,200/-@

MMGS-III - Rs.25,700/- TO Rs.35,100/-@

SMGS-IV - Rs.30,600/- TO Rs.36, 200/-
SMGS-V - Rs.36,200/- TO Rs.40, 400/-
TEG-VI - Rs.42,000/- TO Rs.46,800/-
TEG-VII - Rs.46,800/- TO Rs.52,000/

In addition to the Basic Pays shown above, they are eligible for the usual allowance like DA, HRA, CCA, Travelling Allowance, Special Allowance and the fringe benefits, available in the Bank.

These Specialist Officers should possess the relevant qualifications and experience in each of the areas of the specialist jobs they are supposed to guide and supervise.

For MBA students, there are very good number of opportunities as Marketing Executives, Accounts Officers, Audit Officers / Executives, Investment Banking Specialists, Phone Banking Experts, in addition to the general Probationary Officer cadres.

Banking and Finance jobs include, to name a few, Trade Finance (scrutinize and understand the submitted documents like LC, BG, Export/Imports), Wholesale Banking (Corporate Accounting), Finance Analyst (Finance control, Corporate Accounting, Taxation, Balance Sheet, Hedge Funds), Investment Banking (Financial Services, Banking Investments, Insurance, Life Insurance and Mutual Funds), Relationship Manger (Wealth Management, Investment Advisory, Relationship Management), Sales Consultant – Banking & Financial Services ( to guide and control the sales force to achieve the set targets) and Director – Finance (to look after foreign operations).

Branch Manager jobs include, to name a few, the Officer in-charge of a branch of a Bank; Collections Account Manager to look after receivables from major banks, Credit Unions; Project Manager, to look after a specific project operations; Relationship Manger, to liaison with outside agencies/ government departments.

Banking Careers: Banking today is a niche career for enthusiasts in the field of commerce and accounts, identifying themselves with a career that provides immense opportunities to scale to high positions with the most attractive remunerations in a comfortable work environment. The pay scales for banking student who is a fresher could vary anywhere from Rs.8,000 to Rs.20,000 to begin with.

Banking career, while being a career builder, gives a good opportunity to interact with different types of customers, which helps to build an image in the society with the quality of service one renders.

Latest Bank job openings / IBPS Notification:

IBPS has issued a notification for filling up Clerical cadre and Probationary Officer/ Management Trainee posts in various public sector Banks with online registration starting from 12^th August 2014 and closing by 1^st September 2014.

State Bank of India has notified 300 vacancies in banks in the cadre of Special Management Executives and the last date for applying is 11^th August 2014.

Canara Bank announced 22 vacancies for filling up Clerk and Officer posts, exclusively for Sports persons with 8^th September as the last date for applying.

Lakshmi Vilas Bank notified various vacancies in Manager, Engineer and Officer cadres. Last date for applying is 16^th August 2014.

Tamilnadu Mercantile Bank announced a number of Clerical vacancies and applications are to be submitted to them on or before 13^th August 2014.

Kerala Gramin Bank notified 683 vacancies in the cadres of Officer and Assistant with last date for submission of applications on or before 11^th August 2014.

It is understood that there are 4000 vacancies in banks in the cadres of Officer and Clerkin UCO Bank and the IBPS notification is yet to be released and also it is understood that there are 5000 vacancies in the cadres of Specialist Officer and Clerk in Syndicate Bank and the notification is yet to be release.

Bank employment, while providing a good start with the best career opportunities, is a place where employees feel valued and where they are constantly motivated and energized by their superiors. While a good environment aids in the productivity of the Bank, gives a feeling of getting recognition and appreciation to the deserving employees.

Article written by Manmadha Rao for Employment News Today

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