Almost all the Public Sector Banks in India including State Bank of India are reeling under higher Non performing assets, bad loans and detoriating growth book. Many of the public sector banks are not able to move out of the bloom, even conducting many approachable growth in recent times. There are many reason behind so called failure of Public Sector Banks, whether external, internal, government,slower growth etc.
The success of any organization is purely depend on the human resource beside other factors but excellent workforce makes a difference especially in service Industry. Banks are categorize under service industry and the quality of workforce decide the growth. Public sector banks have captured roughly the 75% market share of banking industry, still their growth are sluggish where as the private banks with lower presence are showing a good sign of progress. Why ? it’s the smart workforce, which makes a difference.
Public sector banks recruit their officers & clerks through all India recruitment test conducted by independent body IBPS. They collect the demand of workforce from each of the public sector bank except SBI and conduct the all India exam. Successful candidates of IBPS recruitment exam are allotted the banks as per ranking. In case of SBI, they recruit through SBI recruitment board and follow the process as like IBPS.
Public sector banks and SBI are dealing in the complex financial market which requires the specialized domain knowledge. Dealing in the financial market requires professional or at least the average analytical skills but the exam conducted by IBPS or SBI doesn’t mandate any such specialization at entry level other than specialized category (which is also basic type ).
Demerit of Selection through common entrance exam
There are major demerits in recruiting the candidates through entrance exams, majorily
Beside these there are many other core level issues which have to improve in order to improvise the Public Sector Bank. They will have to improve the quality of workforce, which is very much needed in current phase.
We welcome the healthy discusion on this.
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I know the writer have the zero knowledge about the banking. Writer should have collect the fact before writing this article. Writer should know that after the exams of civil services the 2nd toughest exam is SBI/IBPS/RRB now days. Atleast writer should attempt the mock test of any of the exams.
Dear Writer,
You should have properly researched before vomiting shit against the PSB's employees.It is clearly visible that your article is solely based upon statement given by Mr. Piyush Goyal.
The writer of this article has very little knowledge about working in a indian bank. Most of the people recruited has to perform clerical jobs even though they are designated as po for that ibps is tough enough no need for a mba degree and the salary bank pays wont buy them a person from a premiere institution. And please stop focusing on mba becoz nowadays anyone can have one. The real problem lies in training facilities that the public sector banks have, these training centres are obsolete, the newly recruited po s should be trained specifically in the areas of their work. Lastly for the kind information of the writer private banks also recruit officers by conducting a general ability test like ibps.
this article is written with too limited research
Jo mai samjha wo ye hai PSB is failing means NPA is rising
Pahla to jo big corporate ko loan mila hai wo PO se aage jana wale to karte nhi hai wo karte hai ED or CMD jo govt direct recruit karti hai. Aur ye log banking ke kisi na kisi field me expert hote hai.
Pahle point me aapne likha hai min marks for eligibilty nhi hai jo ki aadha sach hai and subject specification nhi hai
Koi badi baat nhi UPSC me bhi nhi hai jo india ka sabse bada exam hai
Aur bank me sirf loan processing hi kaam naam dusre kaam ke liye bhi log chahiye
Bank specialist bhi recruit karti hai
2nd point low cut off
Ye to pura exam ke question ke level pe depend karta hai aur ese kami ko pura karne ke liye to PT. MAINS personal interview jaise step rakhe gaye hai
Aur cutoff min ka hai aur selection highest marks wale se suru hota hai aisa nhi 5 ka cutoff hai to pahle 5 number wale ko select karege. Aap ese percentile ke term me dekhege to achha dikhega
3rd pe mai jyada nhi janta so no comments
4th specific training hoti hai aur aajkal bank kafi dhyaan bhi deti hai
5th ye to hai bhai sahab esme koi 2 rai nhi hai lekin jaha specilist chahiye waha to use rakhte he hai agar available rahe to
Ye to myth hai sir kabhi study karo proposal ko large sme or corporate wale loan ko data analysis mining hoti hai
Economy hi recession me hai bank have to lend to sme or corporate to boost economy ab karo sir analysis its govt pressure
Degree pe kafi joor hai aapka, agreed
I hope so, it will make a difference
Provision to nhi hai lekin prefer karte hai
8th number baseless hai sir
Ya to aap mante ho ki banking sirf MBA se chalegi to baseless baat hai
Credit appraisal banking ka part pura banking nhi hai
Aapko pata hona chahiye sir ki board meetin me bhi jab 1000cr ke loan sanctioned hote hai waha pe scholer, journalist ko panel me rakha jata hai ab batao kyu
Aur last me sir jitne log milke ek PSB ka branch chalate hai na same business portfolio wale pvt bank ki branch me kitne staff hai dekh lena sir kal samjh me aa jayega kon kitna capable hai