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Employee Recruitment in Banking

Sector

Asheesh

CharlesRitvij

Sahil

Sanjay

Saswat

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Banking Sector An Introduction

` One of the most preferred avenues of employment

` Emerged as a resurgent sector in the Indian economy (In

the current decade)

` Indian sector - Financially stable and resilient (Stress Test,

RBI)

` Banking sector index - Grown at a CAGR over 51% since

2001 (McKinsey report India Banking 2010)

` Projected Potential

` Account for over 7.7 per cent of GDP

` Market cap up to Rs.7,500 billion

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Recruitment boom

` Grown folds in last decade with policy makers comprising

RBI, Ministry of Finance, and related govt and financial

regulatory entities

` Further, most of the leading Indian banks are going global,

setting up offices in foreign countries, by themselves or

through their subsidiaries

` To cater to these requirements- to provide for over 1.5

million jobs

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Employment Scenario in Banking Sector

` The countrys leading public sector bank, State Bank ofIndia has plans to recruit 25,000 employees in a year

` SBI Life has plans to hire 13,000 agents and 200 sales

managers

` Punjab National Bank, the country's second largest publicsector lender, and Union Bank of India have plans of hiring

5,000 people each

` The financial year 2008-09 has already shown the banking

sector to be among the largest job providers in thecountry with over 50,000 vacancies being notified and

filled up in the public sector banks alone

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Banking segmentation in India

` Public Sector Banks` State Bank of India

` Punjab National Bank

` Private Sector Banks

` HDFC` ICICI

` Private Foreign Banks` Standard Chartered

` Citibank

` Cooperative Banks` Sham Rao Vithal Cooperative Bank

` Orissa State Cooperative Bank

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Banking Career Options

` Bank Clerk

` Bank Probationary Officer

` A Probationary Officers post is the point of entry to the

coveted managerial positions in the banking industry

` Specialist Officer` Legal

` HR

` Marketing

` Systems

` Credit

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Career of Bank Clerk

` Joining a bank as a clerk-cum-cashier

` Age 18 years

` Qualification 12th pass with 60%

` Trained

` On the job

` Bank Training colleges

` Can rise in career to a level of Regional, Zonal or Head

Officers after clearing departmental exams

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Career as Probationary Officers

` Graduates with 55% or 60%

` Age 21 to 30

` The point of entry to the coveted managerial positions

` Starts as a trainee officer in the Junior Management

Grade Scale (JMGS)

` Can rise to General Manager, Executive Director or

Chairman of Bank by clearing internal exams and

performance

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Career as Specialist Officers

` Require professional qualification` Agriculture

` Engineering

` CA / MBA / MCA / MA

` Law

` Join at Management Trainee Level or as Assistant

Managers

` Can rise to a level of Executive Director or Chairman by

their performance

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Recruitment & Selection Process in Banks

Covered Banks

1. State Bank of India

2. Standard Chartered3. ICICI

4. NABARD

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State Bank of India

Clerk ProbationaryOfficer

Specialist Officer

Stages MCQ Written Exam

Interview

MCQ Written Exam

English Exam

Interview

MCQ Written Exam

Subject Matter Exam

GD / Interview

Areas of Test

in the

Written

Exams

ReasoningNumerical Ability

Marketing AptitudeComputer Knowledge

ReasoningQuantitative Ability

General AwarenessEnglish

LogicalAbilityVerbal Ability

General AwarenessSubject Knowledge

Source of

Recruitment

National Level Exams National Level Exams National Level Exams

Qualification 12th Pass Graduate Post Graduate

Process Written or Online ApplicationWritten Exam MCQ

Qualifying English language test

GD / Interview

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Standard Chartered

Graduates for the Position of Associates` Online Application

` Online Ability Tests` Logical Reasoning Test

` Numerical Reasoning Test

`

Talent Assessment to assess attributes` Essay Questions on clearing Ability tests

` First Assessment` Online test

` Final Interview & Assessments` Face to Face interview

` Group debate

` Presentation

` Case Study

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ICICI Bank

` Competency Assessment (for all levels) on fourparameters:` Customer First

` Passion

` Dynamism

` Compliance with conscience

` Two stage test to assess these competencies:` Aptitude Test

` Numerical

` Verbal` Logical

` Occupational Personality Test

` Interview

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NABARD

RDBS ( General) RDBS (Others) Special Services

Phase 1 Common Objective Test

General Awareness

English Language Quantitative Aptitude

Reasoning

None

Phase 2 Paper 1 Descriptive Test

General English

Descriptive Test

Related to Area

Phase 2 Paper 2 Objective Test Socio Economic

Issues

Objective Test Respective

discipline-wise

Objective Test Based on

subjects opted

Phase 3 Interview

Qualification Bachelor's Degree

in any subject

Bachelors degree in

Specified Area

Professional

Qualification + 3

5 years Exp.

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Affirmative Actions

Public Sector Banks` Reservation for SC/ST/OBC

` SC 15%

` ST 7.5%

` OBC 27%

` Special training sessions for SC/ST before the written

tests

Private Banks

` All Female Branches by ICICI and others

` Local employment in rural branches

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Future of Recruitment in Banking

` Growing contribution from Internet banking andTele-banking

` Technically skilled professionals

` Back end operations

` Banking related services to integrate with core Bankingservices

` Currently Outsourced

` Growth in Derived functions like credit cards

` Currently temporary employment

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Sources of Information

` State Bank of India: Primary source` ICICI Bank: Primary Source

` Standard Chartered Bank: Primary Source

` NABARD: Primary Source

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Thank You