FM P Chidambaram asks bank chiefs to play a more proactive role in hiring
MUMBAI: Finance Minister P Chidambaram has asked chiefs of public sector banks to play a more proactive role in the recruitment of their employees instead of depending on the Institute of Banking Personnel Selection to fill vacancies.(My Comments: IBPS is constituted of same corrupt and greedy bank officials who are master in picking up officers or promoting officers not on the basis of merit but to serve their own greed and own friends and relatives. It is these corrupt top officials who picked up only those corrupt officials for higher post who could earn money through bribe and share with them honestly. Same officials after their retirement take charge of IBPS and they pick up officers not on merit but on the basis of recommendations and illegal giftings they receive in return )
In a meeting with bank chiefs in Delhi, the minister said every bank should design its own recruitment policy to suit its needs.
At present, the Institute of Banking Personnel Selection (IBPS) screens applications and conducts a uniform online examination on behalf of public sector banks. Although IBPS does not hold interviews of the candidates, it has a say in directing candidates who have cleared the examination to different banks for interview.
"Bankers have been satisfied with IBPS and recently some banks were thinking of asking IBPS to interview candidates on their behalf," a banker who attended the meeting said. "However, the finance minister's view on the subject will result in rethinking on this matter."
Candidates are required to name three banks where they would like to appear for interview if they clear the written examination. While most candidates prefer bigger banks, many opt for banks that have head offices near their hometown.
Bankers said IBPS is the only institute in the country with the infrastructure to conduct bank recruitment examinations.
"When we are looking at hiring thousands of employees, we receive applications from over a lakh candidates. Hiring at a PSU is a massive task," said a bank chief.
In 2011-12, IBPS tested 9.7 million candidates. Besides PSU banks, it also conducts exams for insurance.
(My Opinion: I therefore reiterate that policies are seldom faulty ,it is the people who are at fault in most of the cases. It is also undoubtedly true that these clever people are not innocent, though they always blame others and global recession for their failure.
Will Government now carry out introspection and institute Special Investigation Team to know the bitter truth , to know the reason for growing sickness, for insurmountable corruption ,for relentless price rise , for inflation going beyond control and for bad assets rising continuously despite several so called corrective steps taken by regulating and controlling agencies.
Most of members of Team Anna or that of Ramdeo followers of some well wishers demand SIT to look into financial fraud allegedly committed by minister but I demand SIT to investigate various frauds committed by banks, insurance companies ,public sector undertakings and government departments in recruitment, promotion and posting during last two decades.)
Please Click and read following link slowly in few days and try to understand more on fraudulent activities going on in recruitment and promotion in Bank .If you further explore the bitter truth of HR policies of state run banks , it will become clear that it is bad HR policies which has created only bad assets in banks and which are responsible for poor rise in wage revision during Bipartite Settlements
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