Salary and Other facilities to Bank PO

JOB PUBLISHED BY BHARTI DK GOEL FOR ALLBANKJOBS.BLOGSPOT.COM

The salary in all Public Sector Banks/ Nationalised banks are same, but facilities may differs like medical, Leased House Rent, Travelling Expenses and other allowances. The SBI providing two increments at joining time. The sample indicative salary of nationalized bank is given below as per present norms:

Bank PO Salary at Joining Time (as on 01.9.2011)

Bank PO Salary at Joining Time
Salary	Major A class cities : Metro Cities	Other places in Area I(State Capitals etc)	Other places (District level and Rural Places)
Basic Salary	Rs.14500.00	Rs.14500.00	Rs.14500.00
Dearness Allowance (54%)	Rs.7830.00	Rs.7830.00	Rs.7830.00
CCA(4% max Rs.540=)	Rs. 540.00	Rs.375.00	nil
HRA (Major A class cities - 8.5%, Other places in Area I -7.5%, Other places - 6.5%)	Rs.1232.50	Rs.1087.50	Rs.942.50
Total	Rs.24,102.50	Rs. 23,792.50	Rs.23,272.50

*Lease House rent is Different Bank to Bank depanding on Place of posting.

Perks and Facilities Components: Banks Leased Housing Accommodation, Travelling Allowance, News Paper, Cleaning Materials, Business Development Expenses, Medical Aids etc.

Above mentioned facilities are based on a single bank and varies from others. But all most banks are providing same. The Salary is mandatory as per settlements but perk and facilities can be enhanced by particular bank. Like some banks are providing unlimited self medical expenses up to ceiling of 90% of expense, for furniture Rs. 70,000(Amount different Bank to Bank) on every ten years, lunch allowance etc.

SCALES of Bank PO

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/- 

For more Information , Please read Bank officers wage rivision and article on Banking.

Source of information : Bankingonly

Starting Salary of Clerical Cadre in Indian Banks

PUBLISHED BY BHARTI DK GOEL FOR ALLBANKJOBS.BLOGSPOT.COM
Salary in banks decided by all banks management body Indian Banks Association (IBA) and all banks employees umbrella organistion United Forum of Bank Unions (UFBU). The present salary is based on 9^th Bipartite Settlement which was signed on 27.04.2010.

The salary in all Public Sector Banks/ Nationalised banks are same, but facilities may differs like medical, Leased House Rent, Travelling Expenses and other allowances. The SBI providing two increments at joining time. The sample indicative salary of nationalized bank is given below as per present norms:

Bank Clerical Cadre Salary at Joining Time (as on 01.10.2011)

Bank Clerical Cadre Employee Salary at Joining Time
Salary	Major A class cities :Metro Cities(Places over 45 lacs population)	Places where (StateCapitals etc, 12 to 45 lacs population)	Places where 5 to 12 lacs population)	Places where below 5 lacs population)
Basic Salary (graduate)	Rs.8000.00	Rs.8000.00	Rs.8000.00	Rs.8000.00
Dearness Allowance (54% July-Aug-Sept 2011)	Rs.4320.00	Rs.4320.00	Rs.4320.00	Rs.4320.00
HRA:(a) Places over 45 lacs : 10% (b) 12 to 45 lacs : 9% (c) 5 to 12 lacs : 7.5% (d) Below 5 lacs : 7%	Rs.800.00	Rs.720.00	Rs.600.00	Rs.560.00
Transport Allowance	Rs.225.00	Rs.225.00	Rs.225.00	Rs.225.00
Total	Rs.13,345.00	Rs.13265.00	Rs.13145.00	Rs.13105.00

SOURCE : BANKINGONLY.COM

FOR MORE INFORMATION READ BANKING ARTICLES PUBLISHED IN VARIOUS NEWSPAPER , JOURNALS .

Common Written Examination (CWE) for PO and MT by Institute of Banking Personnel Selection (IBPS)

Institute of Banking Personnel Selection

IBPS House, 90 feet, D.P.Road,
Near Thakur Polytechnic,
Off. Western Express Highway, P. B. No. 8587
Kandivali (E), Mumbai 400 101, INDIA

WELCOME TO NEW ERA OF EXAMINATION IN BANKING SYSTEM

COMMON WRITTEN EXAMINATION [CWE] FOR RECRUITMENT OF PROBATIONARY OFFICERS/ MANAGEMENT TRAINEES IN 19 PUBLIC SECTOR BANKS BY -

IBPS, an autonomous body registered under Societies Registration Act 1860 and a Public Trust under Bombay Public Trust Act 1950, has been authorised by IBA and has  received a mandate from the 19 Public Sector Banks listed below to conduct the Common Written Examination.

The CWE for Probationary Officer/ Management Trainee posts will be conducted twice a year by IBPS.

The Banking sector in India is poised for a high trajectory growth with prospects for a bright career to thousands of new entrants. Here is a unique opportunity for aspirants for a career in 19 Public Sector Banks through a Single Common Examination. A Common Written Examination (CWE) will be conducted by the Institute of Banking Personnel Selection (IBPS) as a pre-requisite for selection of personnel for Probationary Officer/ Management Trainee posts in the Public Sector Banks mentioned below:

PARTICIPATING BANKS

1. Allahabad Bank

2. Andhra Bank

3. Bank of Baroda

4. Bank of India

5. Bank of Maharashtra

6. Canara Bank

7. Central Bank of India

8. Corporation Bank

9. Dena Bank

10. Indian Bank

11. Indian Overseas Bank

12. Oriental Bank of Commerce

13. Punjab National Bank

14. Punjab & Sind Bank

15. Syndicate Bank

16. Union Bank of India

17. United Bank of India

18. UCO Bank

19. Vijaya Bank

Eligibility Criteria as on 01.07.2011:

1. For CWG:

i. Age: Minimum 20 – Maximum 30 (Relaxation as per norms)

ii. Education: A degree in any discipline from a recognized University or any equivalent qualification recognized as such by the Central Government.

2. For a particular bank: A candidate has to separately fulfill the eligibility criteria of the Bank for which he/ she is applying.

For applying to a particular Bank, candidate has to comply with the eligibility norms of both organisations viz. CWG and Bank's norms.

For example: As per CWG, age must be below 30 and a particular Bank has norms for maximum 28 years. In this case, a candidate applying to that particular Bank must be below 28 to remain eligible.

Rules & Regulations:

1. An individual who aspires to join any of the above Public Sector Banks as a Probationary Officer/ Management Trainee will necessarily be required to take the CWE. Prospective candidates who wish to appear for the CWE will have to apply to IBPS and should carefully read the advertisement regarding eligibility criteria, online registration process, pattern of examination, issuance of call letters and score cards.

2. Candidates who appear for the CWE will be able to check their status after the examination. Scorecards will be issued to candidates who secure minimum qualifying marks and above in each test of the examination.

3. Each participating Public Sector Bank will independently issue a separate recruitment notification like previously being done, specifying their vacancies and stipulating the eligibility criteria in terms of age, educational qualification, experience (if any), minimum required level of IBPS score in each component test plus Total Weighted Score (if any) etc. A candidate has to check his eligibiity status with the requirement of the particular Bank.

4. Successful candidates in the CWE who have been issued scorecards and who meet the  stipulated eligibility criteria are then required to apply to any of the participating banks  they wish to, quoting their personal details and their CWE scores. Each bank will then individually shortlist candidates and carry out their own selection processes such as Group Discussions and/ or Interviews etc. for final selection.

Examination Structure:

1.    Reasoning: 50 questions of 50 marks

2.    English Language: 50 questions of 25 marks

3.    Quant: 50 questions of 50 marks

4.    General Awareness: 50 questions of 50 marks

5.    Computer Knowledge: 50 questions of 50 marks

Total 150 minutes (2.5 hours) will be provided. 1/4^th of the question marks as penalty will be applied with any wrong answer.

Along with the above, a descriptive paper on English Composition (Essay, Precis, Letter writing etc.) of 25 marks with 60 minute duration will be held.

CWE Score Card:

Each candidate securing cutoff score will be considered for participation in the Bank's programme of recruitment and hence will be issued a CWE Score Card. This card will be valid for one year from the date of issue of the Score Card. That candidate can participate in any recuritment programme conducted by any of the 19 Banks mentioned above in the validity period of CWE Score Card.

Application Fees/ Intimation Charges (Payable from 08.07.2011 and 30.07.2011

boths dates inclusive)

- Rs. 50/- for SC/ST/PWD candidates.

- Rs.450/- for others

How to apply:

Candidates can apply online only from 09.07.2011 to 01.08.2011 and no other mode of application will be accepted.

If Applying Online:

Before applying online, candidates should ensure:

(i) Scanned their photograph and signature as per the specifications.

(ii) Payment details via NEFT by visiting any Bank's branch or Online Payment System

(iii) Personal Email ID

I. Candidates are first required to visit the IBPS’s website www.ibps.in and click to apply online.

II. Candidates should carefully read the instruction and fill in the details.

III. After applying on-line, the candidate should immediately take a printout of the system generated on-line application form, ensure the particulars filled in are accurate and retain it for future reference. It is not to be sent to the IBPS.

Start date for Online Registration:                                                09.07.2011

Payment of Application Fees:                                                         08.07.2011 to 30.07.2011

(both dates inclusive)

Last date for Online Registration:                                                 01.08.2011

Last date for Editing Application Details:                                     03.08.2011

Download of Call letter for Written Examination after:               04.09.2011

Written Examination:                                                                       18.09.2011

For more information you can visit the organisation’s official website also at www.ibps.in.

Keep visiting www.allbankjobs.blogspot.com for further information. 

For all information on the topic, simply visit the IBPS-Common Written Examination tab.

How to Understand Different Banking Jobs

Banks have various positions, choose yours

At the heart of our economy lies the financial sector of this country. You can lie at the heart of the financial sector by getting a job in banking. Be it as a teller, manager, financial adviser or anything in between, you can play a pivotal role.

Banking is an industry with a variety of jobs for anyone interested in the field. You can work for a large commercial bank, a regional or local bank, a savings bank, a credit union or even an online bank. Follow these steps to familiarize yourself with the available jobs. A probationary officer (PO) is usually absorbed by a bank for the post of Assistant Manager (AM) and ranks in officer cadre of Scale - I.

Instructions

1. Bank tellers account for 67 percent of all banking jobs, and are now being trained to sell banking products along with their usual functions, such as cashing and depositing checks and accepting loan payments.
   
   
2. Help customers with their accounts as a customer service representative. You will open and close accounts and resolve customer complaints. Customer service representatives are required to know about any products the bank may offer, so they can explain and sell them to customers. They often service clients on the telephone and through email.
   
   
3. Review and submit applications as a loan officer. You will help customers complete applications for loans and verify the information on the loan applications. Loan officers usually specialize in either commercial, consumer or mortgage lending roles. They also sell these products to the public.
   
   
4. Process banking transactions as a clerical worker. Banks also employ clerical workers in collections and as secretaries and receptionists. Administrative assistants manage the work of clerical workers and work with bank executives.
   
   
5. Oversee the operations of the bank branch if you are the financial manager. Financial managers also counsel clients and help employees who cannot answer a customer's questions.
   
   
6. Handle accounts placed in an institution if you are the trust officer. The handling of estates is another function of a trust officer.
   
   
7. Buy and sell securities and handle financial services if you work as a financial services specialist. You will work with customers to help the customer design programs that will make their money grow.
   
   Source: ehow.com
   

Barclays bank moving 140 jobs to India

LONDON: Barclays, one of Britain's biggest banks, is reportedly moving 140 jobs out from Northampton, UK, to India.

This follows stricter banking regulations and heavier taxes promised by the previous Labour government — so far endorsed by the new Conservative-Liberal Democrat coalition — in the aftermath of the global economic storm.

John Varley, Barclays chief executive, in an interview said London would be damaged by imposing taxes on the bank. Barclays already has expanding operations in India and has also launched a Non-Resident Indian (NRI) banking service outside India, including Britain.

Barclays, who weathered the international meltdown better than rivals like Royal Bank of Scotland and Lloyds, expects to considerably reduce outgoings. "Clearly there are some cost savings involved, but our main driving force is to create a global centre of excellence in India," Vikki Williams, head of Card Fraud Operations, was quoted as saying.

The unpleasant task of collecting dues will be increasingly carried out by determined call centre agents in India, who buzz customers in the UK incessantly demanding payments.

Thanks to Economic Times

Sena wants 80 per cent Canara Bank jobs for locals

Pressing its demand for employment to 'sons of soil', Shiv Sena has asked Canara Bank to recruit at least 80 per cent locals during its drive to fill up 1500 clerical posts. "We are keeping a minute watch on the candidates' selection process and have asked the Bank to keep aside 80 per cent posts for locals," Sena leader Anil Desai said. Desai, along with senior Sena leader Gajanan Kirtikar, met the bank's general m. Kirtikar heads the Sthaniya Lokadhikar Samiti Mahasangh, an outfit of Shiv Sena working for the local people's plights in jobs. "The Bank management has said priority will be given to Marathi candidates and Marathi will be used in bank transactions," Desai said.

Thanks to Economictimes

ICICI Bank to hire up to 7,000 employees in fiscal 2010-11

ICICI Bank today said it plans to increase headcount by up to 7,000 this financial year. We plan to hire around 5,000-7,000 people this fiscal. We have also declared bonus and increments for our employees," ICICI Bank Managing Director and CEO Chanda Kochhar told reporters after inaugurating the 2,000th branch of the largest private sector bank in Mumbai today.

ICICI Bank has become the first private sector bank to reach this milestone, giving it a wide distribution reach in the country, Kochhar said.
The bank plans to add more branches and ATMs in the current fiscal, she said.
"The inauguration of this 2,000th branch signifies our commitment to getting closer to our customers through an enhanced branch network. Our branches are well-equipped to address customer needs through a wide range of products and services. Our branches now have dedicated service area for privilege banking customers," she added.
The bank has 33 per cent branches in metro areas, 26 per cent in other urban areas and 41 per cent in semi-urban and rural areas.


Thanx to Economic times

Shiv Sena making Things Sour in Banking Sector now

Pressing its demand for employment to 'sons of soil', Shiv Sena has asked Canara Bank to recruit at least 80 per cent locals during its drive to fill up 1500 clerical posts.

"We are keeping a minute watch on the candidates' selection process and have asked the Bank to keep aside 80 per cent posts for locals," Sena leader Anil Desai said.

Desai, along with senior Sena leader Gajanan Kirtikar, met the bank's general m. Kirtikar heads the Sthaniya Lokadhikar Samiti Mahasangh, an outfit of Shiv Sena working for the local people's plights in jobs.

"The Bank management has said priority will be given to Marathi candidates and Marathi will be used in bank transactions," Desai said.

Thanks to Economic Times

SBI on hiring spree intake will be 25000

State Bank of India has announced countries highest banking personnel call with its initiative of recruiting 4500 Probationary Officers in the year 2010. Among these 4500 Probationary Officers almost 2000 will be absorbed as Probationary Officers specially for rural business. State Bank is having benchmark of 25000 vacancies for the this year against intake of 27000 last year. 

State Bank of India is country's largest bank and lender also. State Bank of India is eying branches every where in India hence why they are on the fastest pace among other banks. Specially they are targeting the rural areas that is why 2000 Probationary Officer will be recruited specially for this field. 

"We will be recruiting around 25000 employees this year and the exercise is under way" - SBI Chairman OP Bhatt said in an interview. Bank is in process of recruiting 11000 clerks for its marketing, banking and advisory positions. At the same time bank has also recruited 500 Management Trainees this year. Bank is also opening various kind of cells in big cities of India. These cells are specialized sections of the bank where various kind of administrative as well as special activities of the bank will be dealt like Credit sanctioning system etc.

Bank recorded net profit almost at par with the last year's net profit. Bank's net profit for the quarter ended 2009 is Rs. 2479 Crore almost same with the last year. 

A new era starting for Staff Selection Commission (SSC)

Staff Selection Commission (SSC) will be advertising the COMBINED GRADUATE LEVEL EXAMINATION, 2010 on 30th January 2010. This will mark the commencement of Examination Reforms in the Commission. For the first time, Staff Selection Commission will also be introducing ON-Line Application this examination with the facility of payment of application fee through State Bank Of India, either through Challan or on-line payment.

The Second administrative Reforms Commission (2nd ARC) has made extensive recommendations in its report on SSC’s selection process in order to enable it to complete the recruitment cycle within reasonable time. Its major recommendation was to have a single short listing examination for posts for which graduation is the minimum educational qualification, in order to obviate the need for holding multiple examinations. Extensive use of objective type testing was also recommended in order to cut down the delay in evaluation, to eliminate bias and to infuse further objectivity into the selection process. SSC constituted an Expert Group under the chairmanship of Director, Indian institute of Public Administration, with members drawn from IIT, Delhi, IIM, Ahmadabad, Institute of Banking Personnel Selection, Mumbai, National Productivity Council, and private sector, with the approval of the Government of India, to consider the recommendations of the 2nd ARC and advise on various terms of reference relating to the entire gamut of selection processes adopted by SSC. Based on the advice of the Expert Group, SSC has initiated proposals for restructuring all its examinations. Government of India has accorded approval for SSC’s proposal for revising the scope, format and structure of Combined Graduate Level Examination. 

The salient features of the Combined Graduate Level Examination, 2010 are:

i. The examination will substitute five earlier examinations- Combined Graduate Level Examination, Tax Assistant Examination, Sub Inspectors in Central Police Organizations Examination, Statistical Investigator   Gr II Examination, and Compilers in RGI Examination. Though it was originally proposed by SSC and also approved by the Government to include the posts of Section Officers (Audit and Commercial Audit) for offices under the C&AG and Section Officers (Accounts) for offices under Controller General Defence Accounts, consequent to up gradation of some of the posts to Group B-Gazetted level and pending decision of the Government on extending the scope of SSC’s work to include Gr B gazetted posts, these posts have been excluded from this examination.

ii. The written examination will be conducted in two tiers; the first tier utilized for short listing candidates for the second tier and will also have weightage in the final selection. 

iii. Each candidate applying for multiple posts will need to submit only a single application with onetime payment of examination fee, relieving the candidates of the burden of submitting multiple applications with payment of fee with each application.

iv. Entire recruitment cycle is proposed to be completed in 11-12 months against almost two years at present for Combined Graduate Level Examination.

v. All papers will have only objective type multiple choice questions, amenable to machine scanning and quicker and more objective evaluation.

vi. Interview/Personality Test is prescribed only for posts for which interaction with the general public will be necessary immediately after entry into service.

vii. All India selection will be made for all the posts as at present. 

The restructured Combined Graduate Level Examination is expected to benefit the Government, candidates and user Ministries/ Departments by way of faster completion of recruitment cycle, quicker selection and early placement. In order to equip itself for the restructured examination, SSC has conducted three Question Bank Projects at Bengaluru , Chennai and Mumbai during 2009-10 so far with the last in the series scheduled at Kolkata in February, 2010.

Proposals for restructuring of the Combined 10+2 Level Examination and Stenographers Examination have also been submitted by the SSC and are under active consideration of the Government.

Banking sector top job provider in first quarter: Assocham

NEW DELHI: The banking sector, which hired 16,200 people in the first quarter this fiscal, remained the biggest job provider in the country during the period, an industry lobby survey said. The country's largest lender State Bank of India, alone created 13,000 jobs, while Danalakshmi Bank and Andhra Bank recruited 1,300 and 900 people respectively, the survey by the Associated Chambers of Commerce and Industry (Assocham) said. Yes Bank hired 1,000 people during the period Overall, the banking sector's share at fresh job announcements stood at 42 percent, the survey said.

The IT/IT enabled services (ITeS) sector was the second-highest employment generator, creating 12,200 jobs during the April-June quarter, Assocham said. Wipro Technologies, which announced to hire an additional 8,000 people by 2010, is the top job generator among IT/ITes firms. It was followed by Internet products firm Directi, which plans to raise its headcount to 2,000 from 500 now in two years. "Global demand for tech-services is propelling banking and IT/ITeS to emerge as the top employer, carving out a share of nearly 74 percent in total hiring plans during first quarter of financial year 2009-10," Assocham said.
Telecom sector with 5,460 job announcements stood at the third position. Other sectors that announced major hiring plans are: pharma (1,300 jobs), steel (600 jobs), aviation (500 jobs) and consumer durables (200 jobs).

How to Tackle Friends at Workplace

Courtesy: Economic Times

Mumbai Mirror

While having a pal at work boosts performance and fulfills your emotional needs, one needs to be cautious to distinguish between a ‘friend’ and an ‘affable coworker’. Being friends with deceitful colleagues can even cost you your job.

So, how can you keep an appropriate distance from your colleagues without coming across as callous? Here are some tips to help you manage friends at workplace and sustain positive friendships...

Set boundaries

No matter how ‘trustworthy’ you think your friends at work are, it is better to play safe when it comes to disclosing personal details or confidential business information. While it’s absolutely fine to hang out with your pals at work, share a drink or go out shopping, being too chummy with your colleagues can pose a serious threat to your job. Your reputation at work does matter. So, it’s best to keep a ‘professional distance’ with workplace friends. 

Expert tip: Divya Joshi, an HR professional with a multi-national company in Delhi says, “Having a pal at work can be a boon if you strike a balance between work and friendship. But it can also create discrepancies if you are overtly friendly with your boss or vice versa. It is necessary to draw the line where necessary and separate professional commitments from personal relationships.” 
While friends may serve as sounding boards and empathise with work related problems, it is vital to respect your friend’s privacy. It may be normal to give suggestions regarding work or personal life, but only as long as your friendship doesn’t affect your compatibility at work and interfere with your pal’s privacy. Learn to observe situations in which your opinion is welcome and stay mum when required.

Abhay Mishra, an IT professional agrees, “Yes, I think it’s very important to give each other space in a relationship. I had a friend in office who interfered with my work, giving suggestions even when it was not required. Although he did it in a good spirit with an intention to help me, it began to irk me after a couple of months and affected my friendship with him.”

Expert tip: Ruchika Shukla, counselor and relationship expert agrees, “One should be vigilant while choosing friends at work and be able to distinguish between friends and friendly coworkers. Trusting the wrong people can put your job at risk. What is most important is to be wary of making personal remarks at your peers or seniors.” 
While friends at workplace may give a boost to your career, over indulging in socialising, especially during office hours may also land you in trouble. While it is a good idea to de-stress by catching up with your friends, do not let a brief chat turn into a never-ending conversation. It is preferable to keep such interactions post working hours.

Manoj Khandelwal, who works with a private bank in Gurgaon says, “I have many friends in office and we often hang out together. A few months ago, I released that spending too much time with them was hampering my work. So, I decided to set my priorities right and only meet them after working hours and keep our interaction at the workplace to a minimum. It’s been a smooth ride since then.”

Expert tip: “It is in your interest to stay away from excessive socialising during office hours. It is fine to take out time for a cup of coffee or chat during the lunch break, but one should take care not to hamper your work as a result of friendships at the workplace. Manage your time in a way so that you can have fun while fulfilling your professional responsibilities,” says Divya.   

Jobs are back; upsurge in hiring as slump eases

Courtesy : Economic Times 
NEW DELHI: Jobs are again back and India Inc is witnessing an upswing of 15 percent in hiring trend, kudos to the improving economic climate.
However, experts say it is too early to say that the situation has returned back to 'normalcy'.

"We see the movement happening across the sectors and it looks like worst is over. But the current scenario can not be considered as normal but it is better than bad,"  Executive search firm Global Hunt India professional leader Sunil Goel said.

If everything goes fine then it will take a year to reach to a normal situation, he added.

In last two quarter (January-March and April-June), hiring was almost 0-5 percent  across industries but in current quarter, average hiring has increased 5-15 percent across industries. 
Sectors like tele com, infrastructure, life sciences and energy  have witnessed 25-30 per cent rise in hiring in the second quarter against the first quarter of this fiscal.

Meanwhile, IT, retail, banking, consulting, FMCG have seen 8-10 percent hiring in the September quarter compared to the previous quarter.

"With the economy showing signs of recovery, there is cautious optimism in the job market and going forward, the coming quarters are expected to be better," an industry expert said.

36 lakh for 11000 SBI Clerical Posts

Amazing again! Last time when 32 lakh people enrolled for 20000 SBI clerical posts, it made records in many aspects viz. Appointed Instructors, Test centers, awesome enrollments etc. etc. But this time again, It seems to be really a big rally going towards SBI or say banking system.
Whopping 36.11 lakh people have enrolled for SBI clerical. Previously it was thought to conduct exam in two phases but now SBI exam body Central Recruitment & Promotion Department (CRPD) have to conduct three phases of exam starting from November 8 then 15th & 22nd Nov. This way in each phase 12 lakh candidates would be examined. This is probably the first time for any nationalised or private bank in India. Final decision would take a week time or so.
A thing of great concern is also seen, most of the enrollment is done by post graduates and MBAs. One of the reason is recession and the other one is a hunt for a stable job whether it is of clerical cadre.
Banking industry is full of great opportunities these days. Every day one bank or another is coming with potential recruitment. In recent days ICICI, ING Vysya, Axis Bank etc. from the private sector and Corporation Bank, Vijaya Bank, State Bank of India (SBI) etc. from nationalized banks sector have sought staff for various posts.

India Inc hiring on all cylinders even in slump

Courtesy: Economic Times
NEW DELHI: In a year that saw the stock market crash and a serious liquidity crunch halt companies’ expansion plans globally, the number of

Coming to terms with lay-off Crisis time: Keep staff motivated Job-cuts: A blessing in disguise Keep it light at your workplace!

Indian companies that added new employees were 30% more than those that reduced manpower, according to an ET study.

The sample of 375 public listed companies of which employee data for the year ended March 2009 is available shows that three out of every five companies added people, led by top IT services firms and banks.

The robust domestic demand has been keeping Indian companies busy even as those dependent on exports such as the textile industry have seen mass retrenchment. As many as 200 companies ended the financial year with more staff as against 150 which saw a decline in the number of employees. The remaining firms maintained their workforce during the year.

The three largest IT firms—TCS, Wipro and Infy—have added more than 10,000 employees each while public sector banking giant SBI added 26,691 people last fiscal and as of March 31, 2009 had 2.05 lakh, maintaining its position as the largest corporate employer in the country. A large part of the new employees at SBI joined as clerical staff, with officers constituting around 11% of those who were recruited during the year.

SBI, the largest recruiter after IT firm TCS, was much more aggressive in hiring than Wipro and Infosys. Wipro and Infosys together added 28,049 employees, just about 5% more than SBI alone. Although SBI chairman OP Bhatt could not be contacted for comments for this story, he had earlier made a public statement that the bank is going to recruit 20,000 people this fiscal.

Boss, shall we dance?

Dos and don'ts to enjoy your office party

Courtesy: Mumbai Mirror & ET

Unless you are careful, office parties can turn you from 'hardworking and reliable' to 'flirtatious when drunk'. Here's how you can avoid the pitfalls.

Put on your dancing shoes and be there" is what the notice board says. Your otherwise hyperactive boss wants you to take it easy. And easy you take. You guzzle drums of beer, flirt with Ms Cute and curvy, bitch about the a** -licking colleague and show everyone how to master the Bidi jalaile moves. The next day the hangover is gone, but the grapevine is abuzz with your 'other' side. Plus, your boss isn't taking it easy at all. Follow these dos and don'ts to enjoy your office party, minus the regrets.

The environment maybe informal, but it's merely an extension of your office. Giving it a miss because being sober is not your idea of fun is a strict no-no. "The purpose of a party is to bring workers together and promote camaraderie. If you aren't interested, the least you can do is to show up for a few hours," says Pratibha Gosavi, director of Quorum HR.

Don't settle scores: So your rival colleague couldn't make it, but don't take that as an opportunity to make nasty remarks. "Firstly, it's not nice. Secondly, that person's friends might be present and the remarks would reach his/her ears," adds Gosavi. The word will surely get around, but more importantly, people will trust you less.

The food and booze is free, but it doesn’t mean you call in freeloaders. Unless the invite specifies, don't bring along dates. At most, it would be all right to bring a spouse or potential spouse to introduce to your colleagues. Bringing in friends defeats the purpose — socialising with your colleagues.

Drink if you want, but…

Have a drink or two, but know your limits. An informal setting doesn’t stop bosses and colleagues from judging you. Bar brawls and lip-locks is not a good agenda with people you will see on a daily basis.

"We often reveal things about ourselves that we ideally don't want our co-workers to know. So be on your toes," advises Gosavi. And remember, there will be photographs later.

This is your chance to small talk, even do a jig with the big boss without raising eyebrows. Get to know other people, especially from other departments who you don't get to speak to otherwise. They will know you better and inter-department work will become smoother.

Dress to party, not reveal: "No sloppy dress please," Gosavi warns. Yes, it's a party and you can add that extra bling, but anything suggestive or revealing will only attract unhealthy attention and be the fuel for next day's gossip machinery.

NCR witnesses 17.1% surge in new jobs: Study

Courtesy: Economic Times
NEW DELHI: A recovery syndrome in employment generation has started resurfacing in the National Capital Region (NCR) during the first four months of





FY10, which witnessed a 17.1 per cent surge in jobs creation as compared to the last four months of FY 09, according to Assocham Placement Pattern.

The APP Study titled Job opportunities

in the National Capital' concludes that between April and July 2009, 49,750 openings were created at different levels in the entire NCR, comprising Delhi, Gurgaon, Noida, Greater Noida, Ghaziabad and Faridabad as compared to 42,501 openings between December and March '08-09.

Releasing the findings of Assocham Placement Pattern, its secretary general D S Rawat said that out of total 49,750 sample job openings in the region, 46.4 per cent were accounted by the Delhi region while the remaining 53.6 per cent went to different parts of the NCR.

With an improving scenario in the job creation process for the capital city, the overall situation in the employment sector is picking up as the signs of economic downturn diminish significantly, said Rawat.

Reversing the trend in the composition of new job creation process, the satellite towns of the NCR region has outpaced the Delhi region by contributing 53.6 per cent towards the new job openings in the Delhi NCR region since the beginning of the current fiscal (April – July 2009). During the last four months of the previous fiscal FY09, the satellite towns of the NCR region were lagging behind the Delhi region with a share of 42 per cent in the total number of new job openings in the Delhi NCR region.

As per the APP findings, the job creation in the satellite towns of NCR region, including Gurgaon, Noida, Ghaziabad and Faridabad, registered a staggering growth rate of 49.5 per cent in the first four months of FY10 over the last four months of the previous fiscal; whereas the Delhi region witnessed a decline of 6.4 per cent during the same period. However, the total number of newly-created jobs in the Delhi NCR region as a whole increased from 42,501 during December–March 2008-09 to 49,750 during April–July 2009, a growth of over 17 per cent.

In terms of area-wise job creation in the satellite towns of the NCR region, Gurgaon created the maximum new job opportunities with 23.1 per cent share in total Delhi NCR followed by Noida/Greater Noida (20 per cent), Ghaziabad (5.6 per cent) and Faridabad (4.9 per cent).

In terms of sector-wise job openings, the IT/ITeS sector created the maximum number of jobs with a share of 27.5 per cent followed by the academics sector which accounted for nearly 17 per cent and the banking, financial services & insurance (BFSI) sector contributing 14.5 per cent.

As the Commonwealth Games are fast approaching its schedule to kick off, the growth in the number of new job vacancies augurs well for employment prospects in the capital city. "Jobs in construction, hospitality and infrastructure sector would increase tremendously as we progress towards the commencement of the Commonwealth Games 2010," the study says.