The hiring trend in PSU Banks have been quite overwhelming in the past few years. Marquee banks like SBI, Bank of Baroda, PNB, Union Bank, etc have been recruiting people across domains like Credit, Forex, Collections, Digital Banking, etc. The need for domain expertise or specialisation cannot be ignored as it cannot be created overnight. Freshers can be groomed but time is crucial here to not lose any edge over rivals. The hiring cycle needs to be expedited to fill up vacancies quickly instead of spilling it over more than one and sometimes even two financial years. Good luck to all aspirants
Anubandhan Pattnaik’s Post
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Banking evolved from a traditional lending and mobilizing institution to a financial supermarket which offer a bouquet of products and financial services today to cater to the myriad requirements of customers. Cross selling is a typical, essential and innocuous form of business development. Banks have also known this for a fact that their income stream has to be well diversified from interest income to fee income/ commission from sale of TPP. If they don't leverage their customer base then some other competitor will definitely do it. Not to forget the fact that customers (tier 1,2,3 cities and semi urban centres) of today are financially literate and have a strong penchant to explore financial products with superior risk-return rewards. Therefore, in my view, TPP are good avenues of earnings for banks. However , excessive thrust on this has led to cannibalizing as funds from deposits go towards investments in TPPs. Innovative products like Kotak Activ Money and similar product offerings from other banks are gradually gaining popularity and will definitely bring back the lost traction in deposits. That being said, it is also imperative to acknowledge that going forward, deposits may not enjoy the same preference what it used to get in the last few decades due to behavioural shifts in customers who are gradually turning into "well informed investors ". We have to constantly learn and innovate to survive.
Writer, Author, Speaker | Money | Adjunct Professor Banasthali University | Books: Let’s Talk Money | Let's Talk Mutual Funds | Let's Talk Legacy | Chairperson Sebi Advisory Committee for IPEF | website - monikahalan.com
As the Ministry of Finance and FM worry about the falling bank deposit growth, the Reserve Bank of India (RBI) must introspect on how it has allowed bank branches to become traps for selling insurance. An incentive system that rewards insurance sales and lack of innovation in selling banking products is causing the mis-selling chicken to come home to roost. My oped in Hindustan Times https://lnkd.in/gp_j_auX
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In the past few weeks, I had an opportunity to interact with some good people on LinkedIn. Key takeaways:- 1. No dearth of talent 2. The one who has experience needs little to no preparation for interview 3. Right talent and his/her market value will eventually find each other. 4. Some people are reluctant to move out of their comfort zone (city/ hometown) which is absolutely perfect.
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We would like to offer opportunity for Credit Analyst role at Kotak Mahindra Bank in the Very Large Corporate Credit (Conglomerates). - Relevant Work-ex anywhere between 3-10 years is desirable. -MBA/CA or similar qualifications -Mumbai Location only -Lucid CAM Writing Skills with an eye for detail -Analytical bent of mind -Portfolio monitoring -Should have good Inter-personal skills -Ability to work under pressure and meet deadlines -Ability to acclimatise oneself into the organizational culture. -Amiable personality Interested persons may plz DM me.
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Lead - Talent Acquisition Specialist at AstaGuru | Ex Kotak Bank|| Barclays Bank|| ICICI Lombard|| 360 one
Hello Folks!! We are hiring for role of CC secretariat Team (Part of Credit Support). mid to senior level for Mumbai. Nitin Kejriwal Rahul Kejariwal Mukesh Raheja Jai Choudhary The profile would require following activities: Receiving proposals from the Credit team to be circulated to the Credit Committee for approval on a weekly basis as per the Agenda. Verifying that proposals being put up are to the correct approval delegation ( as per Kotak’s credit Policies) and are as per norms. Checking the resolutions prepared by the Credit analyst that will be put up to the Credit Committee for approval for each proposal. Participating and recording the minutes of the deliberations at the Credit committee meetings and other committees (CRMC). Participating and recording the minutes of the deliberations at the Credit & Investment committee meetings (Committee of BOD). Ensuring proper signoffs from each member as per delegation. Circulating the decision of the Credit Committee to various stakeholders Record keeping and data maintenance for all the meetings and related other activities for Audit, MIS, system implementation etc. Qualifications – CA/MBA/ ICWA / CS – similar professional qualification (Intermediate qualification) can also be considered. Flair for banking products and ability to understand business dynamics (of clients) will be an essential skill. 5 to 10 years of experience in Credit / Operations / Credit Monitoring. Intrested candidates can share thier resume on jayna.jhaveri@kotak.com #Credit #CreditCommittee #bankingjobs
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Views are purely personal :- Some differences between a PSB and a Pvt Bank:- 1. Pay disparity is significant between these two 2. Perks are unheard of in Pvt Bank 3. Fancy designations and more layering in the Pvt Bank’s hierarchy 4. Significantly more paid leaves in PSBs 5. Option of leave encashment in PSBs 6. LFC is absent in most Pvt banks 7. Aesthetically better appealing and hygienic work environment in Pvt Banks 8. People are well groomed and well dressed in Pvt banks 9. Conversation in English doesn’t go well with PSBs 10. Knowledge gap is wide (won’t reveal in which bank it is evident)
Open for new opportunities.
1yBeing an insider and always a flag bearer for grooming freshers, would be fruitful if you could also detail out some of the SOP for freshers to follow so that they be in demand and don't lose out in future