Wednesday, August 29, 2012

Bank staff recruitment process!!

Recently One Public sector Bank recruited 452 Probationary Officers.

Only 154 reported for joining. Hence the Bank has issued orders for a dropout list of 298 now.

What is the reason for this pathetic situation?

1  .   Bank job lost its charm/attraction
2.          Fear of Worst service condition/treatment/torture/workload.
3.          Salary structure.
=as per cost to company concept it is Rs.3.75lakhs per annum not attractive when compared to the risk factor where as an  entry level software engineer gets Rs.3.00 lakhs and central Govt.Officer gets even more.

4.          Wrong recruitment process as candidates has multiple appointment orders in hand.

Answer 4 seems to be correct from the following data.

Friday, August 10, 2012


I am receiving too many quries about fitment on promotion from clerk to officer and scale 1 to scale 2 etc.
My general reply is as follows:

1. IBA will issue a guide line for fitment of basic pay on promotion from clerk to officer and from Scale 1 to 2 ect., after  every Bi-partite is signed.

2. It is applicable to 46 banks which have signed  Bi-partite settlements.

3. Individual unions/association in the respective Banks have to negotiate with the management and arrive at an agreement.

4. Till such time fitment will be according to prevailing formula in the respective banks only

5. In your case also unions in your bank should have an agreement with your bank.
   Your fixation will be according to  that agreement only.


Point to note is fitment for clerks to officer will be negotiated by award staff union only.
( It is informed that in State Bank of India, Officer Federation is negotiating with Management 
for Fitment of Clerk to Officer on promotion.) 

Coming the prevailing status in different banks I give below following case.

Case One:  Union(having signing authority) In Punjab National Bank has negotiated and achieved settlements in accordance with IBA guideline.

Click the following link for the chart/table.

Case Two: In Indian Bank no settlement was signed after Sep 1992 effective for those who were promoted after 01.11.1987. The same formula was followed till today for all those promoted even after 01.11.1992 by the time better formula was suggested by IBA itself .